Fitness & Gyms

24 Hour Fitness

Filed for bankruptcy in 2020 after years of PE ownership (AEA Investors, Forstmann Little)

FOUNDED
1983
IMPACTS
1 documented

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 / Bankruptcy

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 / After

Clubs closed

reported 2020

before 445 clubs

after 300 clubs

-33%

Community Reviews

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Firsthand accounts from email-verified contributors. Community reviews are separate from the editorial record above and are not independently fact-checked.

Tracked Locations

CA · 2

3221 Main St

San Diego, CA 92101 · 555-519-9513

4865 Main St

San Diego, CA 92101 · 555-881-7219

IL · 1

4112 Main St

Chicago, IL 60601 · 555-402-9234

IN · 1

2891 Main St

Indianapolis, IN 46201 · 555-891-9557

MA · 1

5209 Main St

Boston, MA 02101 · 555-427-4157

NC · 1

8478 Main St

Raleigh, NC 27601 · 555-703-6448