September 19, 2017
Celerity Partners Completes Recapitalization of Tru Fit Athletic Clubs and simultaneous acquisition of Freedom Fitness
Celerity Partners is pleased to announce that it has completed the simultaneous acquisition of McAllen, Texas based, Tru Fit Athletic Clubs and Freedom Fitness (collectively the “Company”) – the two largest fitness club chains in the Rio Grande Valley. Combined the Company has approximately 80,000 members across 13 locations throughout the Rio Grande Valley and San Antonio and will operate under the Tru Fit brand.
Celerity partnered with Tru Fit’s founder and President, Tony Dahmen, his management team and David Schnabel, the former CEO of Gold’s Gym International, to accelerate the Company’s growth throughout the region.