Town Sports International Holdings (CLUB) entered into an settlement to acquire Lucille Roberts Health Golf equipment companies.
The transaction is estimated to shut inside the subsequent month.
The acquisition will add sixteen golf equipment to TSI's portfolio within the Northeast and Mid-Atlantic areas of america. The Firm additionally plans to retain nearly all membership staff.
“This acquisition is a main instance of TSI's focused progress technique,” stated Patrick Walsh, TSI's Chief Government Officer. “Lucille Roberts has a loyal membership base that loves the ladies's solely membership choice. Whereas the acquired places will proceed to function as ladies's solely gyms, TSI may also supply an choice for Lucille Roberts' members to entry all of the golf equipment within the numerous TSI portfolio. This acquisition will permit these members to make the most of the broad array of fitness choices and handy exercise places which might be synonymous with New York Sports Golf equipment.”
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