On the record · Other
24 Hour Fitness
Filed for bankruptcy in 2020 after years of PE ownership (AEA Investors, Forstmann Little)
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Filed Chapter 11 in June 2020, closed more than 100 clubs, and eliminated $1.2 billion of debt before emerging that December.
Founder Mark Mastrov and LongRange Capital acquired the chain in January 2026 from its post-bankruptcy lender-owners; about 240 clubs operate today.
- Founded
- 1983
- Peak headcount
- 19,200
- Sponsor at closure
- AEA Investors and Ontario Teachers' Pension Plan
- Business Wire · 2020 · debt reduction, emergence from Chapter 11
- Bloomberg Law · lender group taking 95% of reorganized equity in 2020
- PR Newswire (company primary) · 2026 · Mastrov/LongRange Capital acquisition, current owners named (Monarch Alternative Capital, Sculptor Capital Management, Keyframe Capital Partners) selling
- Axios · 2026 · current club count (~240), deal context
- Wikipedia · 24 Hour Fitness founded in 1983
- Jones Day · AEA Investors, Ontario Teachers' Pension Plan, and Fitness Capital Partners acquired 24 Hour Fitness for about $1.85 billion in 2014, a leveraged buyout that ad
- Bankruptcy Directory · 24 Hour Fitness had 445 locations and 19,200 employees before its June 2020 Chapter 11 filing, which closed more than 100 clubs
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.