Roark Capital acquires minority share in Anytime Fitness

03/7/2014 | Star Tribune (Minneapolis-St. Paul, Minn.)

Roark Capital Group has acquired a "significant" minority share in Anytime Fitness, which is expected to generate about $736 million in revenue this year. The deal includes the appointment of two Roark Capital executives to the Anytime Fitness board of directors. "As a result of an innovative and differentiated consumer proposition and a commitment to thoughtful growth through franchising, Anytime Fitness has become a leader in its industry," Roark Capital Managing Director Steve Romaniello said of the company, which has added at least 250 new locations each year for the past six years.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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