Lift Brands, the parent company of Snap Fitness, is set to hit the market after being under the ownership of US-based private equity firm TZP for nearly 11 years. A decision to sell the business was initially delayed due to the disruptive impact of the ongoing Covid pandemic. However, with the situation gradually stabilizing, the current management of Lift Brands is optimistic about the prospect of welcoming a new partner on board to drive growth opportunities.
Excitement brews within the company as they anticipate robust organic growth, coupled with potential mergers and acquisitions, that may propel them further in the market. Lift Brands not only owns Snap Fitness and Fitness on Demand but also holds minority stakes in 9Round and FitStop, expanding its footprint in the fitness industry.
Snap Fitness, in particular, has been making significant strides in the Asia-Pacific region, witnessing a surge in expansion. The past year saw 42 new franchises being sold in Australia and New Zealand, with a total of 14 new locations being inaugurated across both countries. This growth signals a positive trajectory for Snap Fitness and sets the stage for further development in the region.
As Lift Brands prepares to embark on this new chapter by inviting potential buyers to the table, industry experts are keenly observing the unfolding developments. The impending sale of the company holds promise for enhanced innovation, market presence, and ultimately, a bright future for Snap Fitness and its affiliates.
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Lift Brands, Parent Company of Snap Fitness, Prepares for Market Debut After Decade Under Private Equity Ownership
Thursday 23rd May, 2024
Gorilla Dash
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Lift Brands Prepares for Market Debut: Snap Fitness and Fitness on Demand Set for Growth Surge
- Lift Brands, parent company of Snap Fitness, is set to hit the market after nearly 11 years under the ownership of US-based private equity firm TZP, with plans to welcome a new partner to drive growth opportunities.
- Lift Brands not only owns Snap Fitness and Fitness on Demand but also has minority stakes in 9Round and FitStop, expanding its presence in the fitness industry and preparing for potential mergers and acquisitions.
- Snap Fitness has been experiencing significant growth in the Asia-Pacific region, with 42 new franchises sold in Australia and New Zealand over the past year, signaling a positive trajectory and setting the stage for further development in the region.
Key Facts:
| Parent Company of Snap Fitness | Lift Brands, under ownership of TZP, set to hit the market after nearly 11 years. |
|---|---|
| Reason for Delayed Sale Decision | Delayed due to impact of Covid pandemic, now optimistic about growth opportunities. |
| Expansion and Ownership | Not only owns Snap Fitness and Fitness on Demand but also has stakes in 9Round and FitStop. |
| Snap Fitness Expansion in Asia-Pacific | 42 new franchises sold in Australia and New Zealand, with 14 new locations opened. |
| Anticipation of Growth | Excitement for organic growth and potential mergers/acquisitions to drive further market success. |
| Industry Observations | Experts keenly watching as Lift Brands prepares for sale, promising enhanced innovation and market presence. |
Disclaimer:
If any facts in our articles are incorrect or you would like an article removed please email us at news@gorilladash.com.
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