Town Sports International Holdings Inc., one of the largest owners and operators of fitness clubs in the Northeast, agreed to acquire the studio business of Flywheel Sports Inc., the spin chain.
The acquisition is expected to close in the first quarter of 2020, upon satisfaction of customary closing conditions. Established in 2010, Flywheel has 29 indoor cycling locations across the United States and multiple modalities and content, including its results-driven indoor cycling and off-bike precision training workouts, including “FlyBarre” and “FlyFIT”.. . . more