24-Hour Fitness
 |
|
| Private | |
| Genre | Fitness |
| Founded | 1979 |
| Founder | Mark S. Mastrov |
| Headquarters | San Ramon, California, United States |
|
Number of locations
|
400+ |
|
Area served
|
17 U.S. states |
|
Key people
|
Frank Napolitano, CEO |
| Owner | AEA Investors, Ontario Teachers’ Pension Plan |
|
Number of employees
|
over 20,000 |
| Website | 24hourfitness.com |
24 Hour Fitness is the world's largest (by memberships) privately owned and operated fitness center chain, and third in number of clubs behind Gold's Gym and Fitness First of the UK. It currently has 400+ clubs, 18,000 employees in the United States, and an undisclosed number of employees working in a customer services call-center in the Philippines and another call center in Spokane, Washington. 24 Hour Fitness also employs a collections contracting company located in Jamaica. The corporate office is located in San Ramon, California and a processing center is located in Carlsbad, California. The founder is Mark S. Mastrov, and the CEO is Frank Napolitano. 24 Hour Fitness is currently owned by AEA Investors, a leader in the private equity industry; Ontario Teachers’ Pension Plan, Canada's largest single-profession pension plan – and one of the world’s largest; and Fitness Capital Partners, a fund organized by Dean Bradley Osborne and Global Leisure Partners. It was acquired from the Company from Forstmann Little & Co in May 2014. 24 Hour Fitness operates a nutritional supplement company, Apex Fitness Group, which is also the distributor of the Bodybugg system. Their motto is "Improving lives through fitness."
The company began in 1983 as a one-club operation called 24 Hour Nautilus. Mark Mastrov and Leonard Schlemm began the firm, with Mastrov and Schlemm remaining to continue its expansion.
CEO Mark Mastrov hired Mark Golob and Dean Moloney as Vice President of Marketing. Golob created promotional campaigns with Pamela Anderson, Arnold Schwarzenegger and Mike Tyson that increased membership and sales. During Moloney's tenure, he and Mastrov, along with Tom Gergley and Golob, began planning an international chain of health clubs.
In 1994, 24 Hour Nautilus partnered with McCown De Leeuw and soon thereafter acquired the Southern California-based Family Fitness Centers chain, renaming the company 24 Hour Fitness.
Todd Smith and Adam Shaw were responsible for the physical expansion of the company during their initial growth period.
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Wikipedia