ORLANDO,
Fla., Aug. 1, 2024 /PRNewswire/ -- Fitness
Ventures LLC, the second-largest Crunch Fitness franchisee, is
proud to announce its new strategic partnership with Meaningful
Partners. Founded by CEO Brian
Hibbard in 2016, Fitness Ventures LLC currently owns and
operates 47 locations with rights to develop clubs in multiple
geographies across the United
States.
This collaboration accelerates Fitness Ventures' expansion
plans, combining the strengths and expertise of both organizations
to enhance growth through new development, mergers, and
acquisitions.
"We are extremely excited about our partnership with Meaningful
Partners as we continue to execute on our de novo and M&A
growth strategy," said Brian
Hibbard, CEO of Fitness Ventures. "The Meaningful team's
background and experience in rapid scaling of multi-unit locations
nationally makes them an ideal partner for our next growth phase.
Our team is energized and excited to get to work."
The Fitness Ventures LLC and Meaningful Partners partnership
will fuel significant growth and expand the Crunch Fitness
footprint across the United
States. By leveraging Meaningful Partners' extensive
experience in scaling multi-unit businesses, this collaboration
aligns perfectly with Fitness Ventures' aggressive growth ambitions
and purpose of instilling the value of health and fitness in the
lives of people everywhere.
"Crunch Fitness provides one of the most relevant offerings at
deep value, meeting a long-term consumer theme of 'quality at
value,'" said Amin Maredia,
Co-Founder & Managing Partner of Meaningful Partners. "We are
thrilled to support Fitness Ventures in their mission to expand
their reach and impact in the fitness industry."
Fitness Ventures LLC's commitment to providing state-of-the-art
facilities and exceptional member experiences has been a driving
force behind its success. The partnership with Meaningful Partners
marks a significant milestone in the company's journey, reinforcing
its position as a leader in the fitness industry.
Jim Rowley, CEO, Crunch Fitness,
shares how this partnership aligns with Crunch's commitment to
innovation and excellence in the fitness industry. "We welcome
Meaningful Partners to the Crunch family through their significant
investment in Fitness Ventures," said Rowley. "I have immense
respect for Amin and his remarkable accomplishments. His leadership
and vision have made a profound impact, and we are excited about
the potential this partnership brings."
About Meaningful Partners, LLC
Meaningful Partners, with offices in Los Angeles, CA and Austin, TX, invests in purposeful consumer
businesses that have earned customer trust and loyalty, demonstrate
a commitment to all stakeholders, and are led by management teams
empowering positive purpose and performance. Meaningful Partners
makes control and minority investments ranging from $10 million to $75+ million in lower-middle
market and high-growth companies. The firm is led by an experienced
investor and operator management team that leverages an Expert
Community of 45+ CEO/Founders and discipline experts with over 850+
years of collective experience who bring relevant domain expertise
to help accelerate the growth and impact at our partner companies.
More at www.meaningfulpartners.com
About Fitness Ventures, LLC
Founded in 2016 by Brian Hibbard,
Fitness Ventures, LLC is one of the fastest-growing franchises
within the Crunch Fitness system. The Company operates 47 locations
across twenty-five states, with several more in development. With a
unique operating and development strategy and a keen focus on
execution, Fitness Ventures LLC operates some of the highest volume
Crunch locations in the system and boasts industry-leading
financial returns. More at www.fitnessventuresllc.com
About Crunch Fitness
Crunch is a gym that believes in making serious exercise fun by
fusing fitness and entertainment and pioneering a philosophy of 'No
Judgments.' Crunch serves a fitness community for all kinds of
people with all types of goals, exercising all different ways,
working it out at the same place together. Today, we are renowned
for creating one-of-a-kind group fitness classes and unique
programming for our wildly diverse members. Headquartered in
New York City, Crunch serves 2.5
million members with over 460 gyms worldwide in 41 states, the
District of Columbia, Australia, Canada, Costa
Rica, Portugal,
Puerto Rico, and Spain. Crunch is rapidly expanding across the
U.S. and around the globe. More at www.crunch.com.
Contact:
Hiba Abduljawad
+14073606746
hiba@fitnessventuresllc.com
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SOURCE FITNESS VENTURES