Cole Schotz Advised Delos Capital on Majority Investment in US Fitness
Cole Schotz P.C. represented Delos Capital in its majority investment in US Fitness, the leading operator of high amenity, high-value health and fitness clubs across the Mid-Atlantic and Southeast United States. HRS Management, the family office of Apollo Management co-founder Joshua Harris, invested alongside Delos.
US Fitness, which operates the Onelife Fitness, Crunch Fitness, and Sport & Health brands, has 46 club locations encompassing 2.5 million square feet. The health clubs feature state-of-the-art fitness equipment, individual and group personal training, and group exercise classes for all fitness levels including Pilates, yoga, dance, metabolic training, and all of the latest in effective workouts. US Fitness will be opening six new clubs in 2018 in Maryland, Coastal Virginia, and Atlanta, and with the new investment, the company plans to add five to six clubs each year over the next five years.
The Cole Schotz team was led by members James Stefanick and James Kim and associates Samantha Epstein and Rimma Tsvasman.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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