October 02, 2014 9:04 AM ET

Hotels, Restaurants and Leisure

Company Overview of 24 Hour Fitness USA, Inc.

Company Overview

24 Hour Fitness USA, Inc. owns and operates a chain of fitness clubs in the United States. The company offers personal fitness training programs for its members. Its amenities and services for members and guests include cardio, strength, and functional training equipment with personal viewing screens on select machines; cycle and group X rooms; a gull-sized basketball court; an outdoor lap pool; a whirlpool, steam room, and sauna facility; kids’ club babysitting service for children; a retail shop; and towel services. The company also provides aerobic and step, boot camp, cycling, dance, kick boxing, mind and body, senior fitness, strength, water, and Zumba classes. In addition, it sells fat...

12647 Alcosta Boulevard

5th Floor

San Ramon, CA 94583

United States

Founded in 1983

Phone:

925-543-3100

Fax:

866-513-3358

Key Executives for 24 Hour Fitness USA, Inc.

Chief Executive Officer
Founder and Chairman of the Board
Age: 50
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Age: 56
Compensation as of Fiscal Year 2014.

24 Hour Fitness USA, Inc. Key Developments

24 Hour Fitness USA, Inc. Announces Executive Changes

24 Hour Fitness USA, Inc. announced the completion of its senior leadership team and the appointment of renowned industry leaders in key roles in business development, legal, real estate, fitness, group exercise and marketing. The company also named John Tovar Senior Vice President, Club Operations, a new position created following the retirement of Danny De La Rosa, who was President of Clubs. The company’s leadership team now includes Richard Boyd, a global fitness consultant who has joined 24 Hour Fitness as Senior Vice President, Business Development; and Jane Borden, named Senior Vice President, Real Estate. Tom Lapcevic, Executive Vice President, Legal; Jason Stella, Vice President, Fitness; and Lashaun Dale, Vice President, Group X Creative bring a track record of success and innovation in the fitness industry to their respective roles. Mike Carney, Vice President, Marketing brings extensive experience leading revenue-producing initiatives for household-name brands in a wide range of industries.

Mark Smith Joins 24 Hour Fitness USA, Inc as CEO

24 Hour Fitness USA, Inc. announced that Mark Smith has stepped into his role as Chief Executive Officer. Smith was named CEO when AEA Investors, Ontario Teachers Pension Plan and Fitness Capital Partners completed their acquisition of the company from Forstmann Little & Co.

24 Hour Fitness USA, Inc. to Open at Yorba Linda

The new 24 Hour Fitness Yorba Linda Super-Sport club located at 4848 Valley View Avenue in Yorba Linda, Calif. will open May 31 at 6 a.m. 24 Hour Fitness is inviting everyone in the local community to stop by on grand opening day to experience all the gym has to offer. Local community members can participate in popular group exercise classes like Zumba(R) fitness and Les Mills BODYPUMP(R) classes, play a game of basketball or take a VIP tour of the new club. The new 47,800-square-foot gym will be open around the clock and will feature a wide variety of fitness equipment and amenities to help members stay active and healthy all year-round. Features include: Full-sized basketball court, Indoor lap pool, sauna, steam room and whirlpool, Cardio, strength and functional training equipment including TRX(R) Suspension Trainers, Full schedule of cycle and Group X(R) classes, Kids' Club babysitting, Spacious functional training area, Personal training services, Towel service.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 18, 2014
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