24 Hour Fitness $9.99 Pros & Cons $24.99 Membership Health Club Exercise Gym--Channel Jamesss Tdoay
Published July 21, 2023, 4:20 p.m. by Naomi Charles
24 Hour fitness has an A+ rating with the BBB. As of 2022, 24 Hour fitness operates nearly 300 clubs in 11 states, with more than 7,500 employees. Its major competitors in the US are Anytime fitness, Gold's gym and LA fitness.
24 Hour fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California. It is the second largest fitness chain in the United States based on revenue after LA fitness, and the fourth in number of clubs (behind LA fitness, Anytime fitness & Gold's gym), operating 287 clubs across 11 U.S. states. The company was originally founded by Mark S. Mastrov and was sold to Forstmann Little & Co in 2005, and then to AEA investors and Ontario Teachers Pension Plan in 2014. After COVID-19 forced gym closures ravaged the fitness industry in 2020, the company filed for bankruptcy in June 2020, closed over 100 clubs and successfully emerged from bankruptcy under with new owners Sculptor Capital Investments LLC, Monarch Alternative Capital LP and Cyrus Capital Partners LP in December, 2020.
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