Ropes & Gray LLP represented 24 Hour Fitness in its sale to LongRange Capital and company founder Mark Mastrov. Mastrov founded 24 Hour Fitness, growing it from a single location to 420 clubs and 4.5 million members, before selling the company in 2005. The deal was announced in a Jan. 7 press release.
For more than four decades, 24 Hour Fitness has been committed to creating a healthier, happier world through fitness. It offers welcoming and inclusive environments with thousands of square feet of premium strength and cardio equipment, turf zones, free weights, functional training areas, and more. Members can choose from studio and cycle classes, personal training, and innovative digital and virtual offerings designed to help them stay active in ways that fit their lives, keeping their minds and bodies fit.
The team was led by private equity partners Patrick Dorime and Mike Roh, and included executive compensation & employee benefits partner Pascal Mayer, tax partner Alyssa Kollmeyer and finance partner Nicole Lopez-Tackett.
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