La Fitness Sports Clubs Coupons

LA Fitness was founded in 1984 by its current executive management team. The company's strategy is to purchase and operate under-performing fitness clubs. Through the mid- 1990’s, the company grew its club portfolio both by acquiring and turning around existing clubs and by developing, opening and operating newly constructed properties. In 1995, LA Fitness designed and built a new 45,000-square-foot (4,200 m2) multipurpose health and fitness club that has become the company’s signature look. LA Fitness then expanded its in- house development efforts for additional prototype clubs. In 1998, with 12 proven prototype clubs in Southern California and Arizona, the company rapidly increased the rate of new club development and rolled out its concept into several new geographic regions On May 21, 2007, Madison Dearborn Partners announced that it acquired a 20% stake in L.A. Fitness International, from Seidler Equity Partners, CIVC Partners, and the management of the company for consideration of $600 million.