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Crunch Fitness
Crunch Fitness is a U.S.-based brand of over 400 franchised and corporate owned fitness clubs located in the United States, Canada, Spain, Portugal, Costa Rica, and Australia. Founded by Doug Levine in 1989, its current Worldwide CEO is Jim Rowley. History Crunch was founded in NYC’s Greenwich Village in 1989 by Doug Levine, a former stockbroker. Crunch began as a fitness studio in a small basement. Levine came up with the “No Judgments” philosophy to remove the intimidation factor from going to the gym as well as combining this model with entertainment and diverse offerings, keeping members inspired to work out. The clubs became successful by appealing to young upscale members and by selling logo merchandise. The gym’s model began as a welcoming place for diverse groups of people to get fit, focusing on group workouts and combining entertainment with exercise. Crunch began franchising in 2010. The first franchise location was Crunch Norwalk (Connecticut). In 2019, Crunc ...
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Health Club
A health club (also known as a fitness club, fitness center, health spa, and commonly referred to as a gym) is a place that houses exercise equipment for the purpose of physical exercise. In recent years, the number of fitness and health services have increased, expanding the interest among the population. Today, health clubs and fitness centers are a reference of health services, rising the adherence to physical activity. Facilities and services Main workout area Most health clubs have a main workout area, which primarily consists of free weights including dumbbells and barbells and the stands and benches used with these items and exercise machines, which use gears, cables and other mechanisms to guide the user's exercise. This area often includes mirrors so that exercisers can monitor and maintain correct posture during their workout. A gym that predominantly or exclusively consists of free weights (dumbbells and barbells), as opposed to exercise machines, is sometime ...
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Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their investme ...
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Health Clubs In The United States
Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organization''– ''Basic Documents'', Forty-fifth edition, Supplement, October 2006. A variety of definitions have been used for different purposes over time. Health can be promoted by encouraging healthful activities, such as regular physical exercise and adequate sleep, and by reducing or avoiding unhealthful activities or situations, such as smoking or excessive stress. Some factors affecting health are due to individual choices, such as whether to engage in a high-risk behavior, while others are due to structural causes, such as whether the society is arranged in a way that makes it easier or harder for people to get necessary healthcare services. Still, other factors are beyond both individual and group choices, such as genetic disorders. ...
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Capoeira
Capoeira () is an Afro-Brazilian martial art that combines elements of dance, acrobatics, music and spirituality. Born of the melting pot of enslaved Africans, Indigenous Brazilians and Portuguese influences at the beginning of the 16th century, capoeira is a constantly evolving art form. It is known for its acrobatic and complex maneuvers, often involving hands on the ground and inverted kicks. It emphasizes flowing movements rather than fixed stances; the '' ginga'', a rocking step, is usually the focal point of the technique. Although debated, the most widely accepted origin of the word ''capoeira'' comes from the Tupi words ''ka'a'' ("forest") ''paũ'' ("round"), referring to the areas of low vegetation in the Brazilian interior where fugitive slaves would hide. A practitioner of the art is called a capoeirista (). Though often said to be a martial art disguised as a dance, capoeira served not only as a form of self defence, but also as a way to maintain spirituality and cu ...
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Pole Dancing
Pole dance combines dance and acrobatics centered on a vertical pole. This performance art form takes place not only in gentleman's clubs as erotic dance, but also as a mainstream form of fitness, practiced in gyms and dedicated dance studios. Pole dancing enthusiasts are of all ages; although many who perform this dance and acrobatic form are adults, that does not stop younger children from learning and performing in competitions. Amateur and professional pole dancing competitions are held in countries around the world. Pole dance requires significant muscular endurance, coordination, strength, flexibility, upper body and core stability, as well as sensuality. As such, proper instruction and rigorous training are necessary to attain proficiency. Today, pole performances by exotic dancers range from basic spins and striptease in more intimate clubs to athletic moves such as climbs and body inversions in the "stage heavy" clubs of Las Vegas and Miami. Dancer Remy Redd at the Ki ...
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Zumba
Zumba is a fitness program that involves cardio and Latin-inspired dance. It was founded by Colombian dancer and choreographer Beto Pérez in 2001, and by 2012, it had 110,000 locations and 12 million people taking classes weekly. Zumba is a trademark owned by Zumba Fitness, LLC. Origin Zumba was created in the 1990s by dancer and choreographer Beto Pérez, an aerobics instructor in Cali, Colombia. After forgetting his usual music one day, and using cassette tapes of Latin dance music (salsa and merengue) for class, Pérez began integrating the music and dancing into other classes, calling it "Rumbacize". In 2001, Pérez partnered with Alberto Perlman and Alberto Aghion to launch Zumba, and the trio released a series of fitness videos sold via infomercial. Pérez decided on the word "Zumba" because of its similarity to the word "rumba", the Cuban musical genre. Pérez and his partner began to replace the first letter of "rumba" until they landed on "sumba", and Pérez u ...
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Pilates
Pilates (; ) is a type of mind-body exercise developed in the early 20th century by German physical trainer Joseph Pilates, after whom it was named. Pilates called his method "Contrology". It is practiced worldwide, especially in countries such as Australia, Canada, South Korea, the United States and the United Kingdom. As of 2005, there were 11 million people practicing the discipline regularly and 14,000 instructors in the United States. Pilates developed in the aftermath of the late 19th century physical culture of exercising in order to alleviate ill health. There is however only limited evidence to support the use of Pilates to alleviate problems such as lower back pain. Evidence from studies show that while Pilates improves balance, it has not been shown to be an effective treatment for any medical condition other than evidence that regular Pilates sessions can help muscle conditioning in healthy adults, when compared to doing no exercise. History Pilates was developed ...
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Olivia Newton-John
Dame Olivia Newton-John (26 September 1948 – 8 August 2022) was a British-Australian singer, actress and activist. She was a four-time Grammy Award winner whose music career included 15 top-ten singles, including 5 number-one singles on the ''Billboard'' Hot 100 and two number-one albums on the ''Billboard'' 200: ''If You Love Me, Let Me Know'' (1974) and ''Have You Never Been Mellow'' (1975). Eleven of her singles (including two Platinum) and 14 of her albums (including two Platinum and four 2× Platinum) have been certified Gold by the Recording Industry Association of America (RIAA). In 1978, Newton-John starred in the musical film '' Grease'', which was the highest-grossing musical film at the time and whose soundtrack remains one of the world's best-selling albums. It features two major hit duets with co-star John Travolta: "You're the One That I Want"—which is one of the best-selling singles of all time—and " Summer Nights". Her signature solo recordings include ...
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Buffalo Bills
The Buffalo Bills are a professional American football team based in the Buffalo metropolitan area. The Bills compete in the National Football League (NFL) as a member club of the league's American Football Conference (AFC) East division. The team plays its home games at Highmark Stadium in Orchard Park, New York. Founded in 1960 as a charter member of the American Football League (AFL), they joined the NFL in 1970 following the AFL–NFL merger. The Bills' name is derived from an All-America Football Conference (AAFC) franchise from Buffalo that was in turn named after western frontiersman Buffalo Bill. Drawing much of its fanbase from Western New York, the Bills are the only NFL team that plays home games in that state. The franchise is owned by Terry and Kim Pegula, who purchased the Bills after the death of original owner Ralph Wilson in 2014. The Bills won consecutive AFL Championships in 1964 and 1965, the only major professional sports championships from a t ...
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Pegula Sports And Entertainment
Pegula Sports & Entertainment (PSE) is an American sports and entertainment company based in Buffalo, New York. The company was established after multi-billionaire Terry Pegula and his family combined their sports, property and entertainment assets into one parent company. The company's assets include the Buffalo Bills of the National Football League, the Buffalo Sabres of the National Hockey League, the Buffalo Bandits and the Rochester Knighthawks of the National Lacrosse League, and the Rochester Americans of the American Hockey League. The company is largely operated by Kim Pegula, Terry's wife, as president and CEO. Properties Sports teams In 2011, following the liquidation of assets from his East Resources natural gas company, Pegula purchased the Buffalo Sabres and the Buffalo Bandits from former owners Tom Golisano and Larry Quinn taking control of their holding company Hockey Western New York, LLC for $189 million. On May 17, 2011, Pegula purchased the Rochester America ...
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Growth Equity
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a Minority interest, minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business. Companies that seek growth capital will often do so to finance a transformational event in their lifecycle. These companies are likely to be more mature than venture capital funded companies, able to generate revenue and profit but unable to generate sufficient cash to fund major expansions, acquisitions or other investments. Because of this lack of scale, these companies generally can find few alternative finance, alternative conduits to secure capital for growth, so access to growth equity can be critical to pursue necessary facility expansion, sales and marketing initiatives, equipment purchases, and new product development. Growth ...
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24 Hour Fitness
24 Hour Fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California. It is the second largest fitness chain in the United States based on revenue after LA Fitness, and the fourth in number of clubs (behind LA Fitness, Anytime Fitness & Gold's Gym), operating 287 clubs across 11 U.S. states. The company was originally founded by Mark S. Mastrov and was sold to Forstmann Little & Co in 2005, and then to AEA investors and Ontario Teachers Pension Plan in 2014. After COVID-19 forced gym closures ravaged the fitness industry in 2020, the company filed for bankruptcy in June 2020, closed over 100 clubs and successfully emerged from bankruptcy under with new owners Sculptor Capital Investments LLC, Monarch Alternative Capital LP and Cyrus Capital Partners LP in December, 2020. History Early history and founding 24 Hour Fitness was founded in 1983 by Mark Mastrov. Mastrov had been using a local gym for rehab after a knee injury, and turned the g ...
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