Overview
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24 Hour Fitness Worldwide, the world’s largest privately owned and operated fitness center chain, began as a one-club operation in 1983. From the start, the company had a vision to make fitness a way of life by creating the ultimate in multi-sport fitness centers and making them affordable and accessible to people of all abilities and fitness levels. Convenient locations, the latest equipment, affordable pricing, knowledgeable staff and outstanding service – all available up to 24 hours a day, seven days a week! 24 Hour Fitness has since grown to more than 400 clubs in 16 states, along with 28 clubs in Asia . 24 Hour Fitness, Inc. has become the largest privately owned and operated fitness center chain in the United States and world and we are still growing. The company now boasts more than 3.7 million members worldwide. Beginning in 2000, 24 Hour Fitness further differentiated its business by partnering with fitness superstars - Andre Agassi, Lance Armstrong, Jackie Chan, Earvin “Magic” Johnson, Shaquille O’Neal and most recently Derek Jeter. These athlete partners embody what 24 Hour Fitness stands for: hard work, determination, a positive attitude and persistence while having fun along the way. In 2004, 24 Hour Fitness became the first official fitness center sponsor of the 2004-2008 United States Olympic teams. In May 2005, 24 Hour Fitness entered a partnership with the New York-based private equity firm Forstmann Little & Co. The $1.6 billion acquisition affirmed 24 Hour Fitness’ reputation as a leader in the fitness industry and gave 24 Hour Fitness the capabilities to lead on a continued path of rapid growth and expansion. New leadership joined the ranks in October 2006 when Carl C. Liebert III was named Chief Executive Office of the rapidly growing fitness center company. To 24 Hour Fitness, Liebert brings extensive domestic and international retail experience essential for building on the 24 Hour Fitness legacy. Since his arrival the company has began expansion on the East Coast opening its first club in New York . Throughout its growth, 24 Hour Fitness has held fast to the founding mission: to make fitness a way of life for everyone.
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