24 Hour Fitness
Filed for bankruptcy in 2020 after years of PE ownership (AEA Investors, Forstmann Little)
- FOUNDED
- 1983
- IMPACTS
- 1 documented
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check if a business is PE-ownedexcludes LA Fitness / Esporta Fitness
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1983
24 Hour Fitness founded
2020
24 Hour Fitness filed for bankruptcy after PE ownership extracted value
CriticalClosure / BankruptcyAfter years of PE ownership by AEA Investors and Forstmann Little, 24 Hour Fitness filed for Chapter 11 in 2020. Owners had extracted hundreds of millions through dividends while underinvesting in facilities.
Before / After
MetricBefore PEAfter PEΔ
Clubs closed
reported 2020
before 445 clubs
after 300 clubs
-33%
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