24 Hour Fitness
PE-Owned1 Documented ImpactFiled for bankruptcy in 2020 after years of PE ownership (AEA Investors, Forstmann Little)
3
locations tracked
Timeline
1983
24 Hour Fitness founded
2020CriticalClosure / Bankruptcy
24 Hour Fitness filed for bankruptcy after PE ownership extracted value
After 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 vs. After PE Acquisition
Clubs closed
Reported 2020
Before PE
445 clubs
After PE
300 clubs
↓ 33%
Tracked Locations
CA (1)
Los Angeles
572 Main St
Los Angeles, CA 90001
555-612-4522
FL (1)
Tampa
695 Main St
Tampa, FL 33601
555-581-3626
OH (1)
Cleveland
3504 Main St
Cleveland, OH 44101
555-869-6074