LOS ANGELES, April 17, 2018 /PRNewswire/ -- Riordan, Lewis
& Haden | Equity Partners (RLH) is pleased to announce that the
business and operations of its portfolio company, TW Holdings, Inc.
("Total Woman" or "TW"), have been acquired by affiliates of Town
Sports International Holdings, Inc. (Nasdaq: CLUB).
TW develops and operates women-oriented fitness and day spa
clubs in California under the
brand "Total Woman Gym and Spa." The club locations average
over 10,000 square feet and offer personal training, group exercise
classes, and skin and body care services. Total Woman offers
its members a sophisticated but affordable exercise and spa
environment that is consistent across all its clubs.
Town Sports International ("TSI") is a diversified holding
company with subsidiaries engaged in a number of business and
investment activities. The Company's largest operating subsidiary
has been involved in the fitness industry since 1973 and has grown
to become one of the leading owners and operators of fitness clubs
in the Northeast region of the United States. TSI operates
over 150 club locations under several highly regarded brands,
including the women-only "Lucille
Roberts" chain in the New York
City metropolitan area.
RLH is proud of TW's success in significantly growing its number
of locations and members during our collaboration with the
company. We believe that Total Woman is an excellent cultural
and strategic fit with TSI and wish all the members of the Total
Woman team continued great success in the future as part of
TSI.
About RLH
Riordan, Lewis & Haden is a leading private equity firm
which partners with entrepreneurs to help them build distinctive
high-growth businesses and realize their aspirations. RLH
provides experienced strategic guidance to its portfolio companies
while embracing the entrepreneurial spirit of those companies'
founders. The RLH investment team, which averages over 15
years of private equity experience, has developed proven processes
to enhance organic growth and drive enterprise value. With a
35+ year history of successful investing, RLH is uniquely able to
help fast growing, profitable enterprises with $25-150 million revenue in the business services,
healthcare, and government services sectors achieve their
goals. The firm currently manages over one billion dollars of assets and is actively
seeking new portfolio company investments.
Contact
For more information please contact:
J. Christopher Lewis
Managing Partner
Riordan, Lewis & Haden | Equity Partners
310-405-7200
clewis@rlhequity.com
www.rlhequity.com
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SOURCE Riordan, Lewis & Haden | Equity Partners