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Chuze Fitness Acquires Bailey'S Health & Fitness

Apr 25, 2023•over 2 years ago

Acquiring Company

Chuze Fitness

Acquired Company

Bailey's Health & Fitness

FitnessHospitalityHealth CareFitnessWellnessHealth Care

Description

Chuze Fitness, a family-owned health club chain with 44 existing locations across the western United States whose mission is to build healthier communities through human connections and kindness, today announced the acquisition of Jacksonville-based Bailey's Health & Fitness. With 16 locations, Bailey's has been a staple in its community for over 40 years. Together, these family-owned and operated fitness companies who focus on hospitality, cleanliness, and customer service are embarking on the ultimate collaboration with the closing of this acquisition.

Company Information

Company

Chuze Fitness

About

Chuze Fitness, a family-owned health club chain whose mission is to build healthier communities through human connections and kindness, has been committed to bringing hospitality and an amazing value proposition to the fitness industry for over 14 years. This commitment, as well as its "less attitude, more fitness" mentality, is one of the many reasons Chuze has experienced unprecedented growth in recent years in both memberships and locations. Chuze has 44 existing locations in California, Arizona, Colorado, New Mexico and Texas, and is continuing to expand its "affordable fitness for all" initiative across the U.S., including with its partnership with Bailey's Health & Fitness in Jacksonville, Fl. With memberships starting as low as $9.99/month and club amenities including a cardio cinema, hydromassage, child care, unlimited classes, pools, and a recovery lounge, Chuze is a premium gym experience that is affordable to all. For more information, check out Chuze Fitness at www.chuzefitness.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed