Pure Gym buys rival business LA Fitness

Fri, 29 May 2015 | BUSINESS SALE

Pure Gym has confirmed this morning (29 May) that the company has purchased its rival LA Fitness.

The deal will see LA Fitness and its 43 clubs added to Pure Gym's 98 clubs, enabling Pure Gym to accelerate its expansion plans and increase its presence in the London and the South East in particular where many of LA Fitness's clubs are located.

For the time being, Pure Gym has not disclosed the exact value of the deal but it is thought that the business sale went through for a figure in the region of £60 million to £80 million.

Humphrey Cobbold, chief executive with Pure Gym, commented: “Overall demand for affordable, high quality, and no-contract fitness centres is continuing to grow, served by a range of providers in a highly competitive market-place.”

The takeover deal still needs to receive approval from the Competition and Markets Authority for review but should it go ahead it will no doubt be welcomed by both sides as Pure Gym benefits from new clubs to increase its offerings and LA Fitness will end its “period of uncertainty”.

The target's chief executive Martin Long added: “We are pleased to have secured a new long term owner in Pure Gym”.

LA Fitness has been looking at restructuring and sale options for some time now. In March 2014 started considering plans for the sale of half of its gyms.

View more businesses for sale

Share this article

Latest Businesses for Sale

Classic Car Restoration & Sales (Fast Sale)
Lincolnshire, UK Wide

Expert team of specialist vehicle restoration mechanics and engineers. Spacious showroom and workshops. Please note, this is an accelerated process. Best and final offers are to be received by 5:00pm Monday 17 December 2018.

Asking Price: Offers Invited
Turnover: £343,328

Private & Corporate Event Catering Management Company
South East, UK

A profitable independent catering company that provides catering services throughout the Southeast. This is an opportunity to purchase a business with an established turnover, a loyal customer base and potential to grow. Offers invited.

Asking Price: £220,000
Turnover: £700,000

Takeaway & Delivery Restaurant
Barking, London, South East, UK

Profitable pizza, kebabs, chicken takeaway and delivery restaurant for sale. Established over 20 years. Very busy takeaway and delivery situated in a busy location with custom from local residential area and nearby school. Lots of passing trade from...

Asking Price: £159,000
Turnover: £384,000


View more businesses for sale

News Search

Latest News


Concrete company acquired in impressive deal | BUSINESS SALE

A Wrexham-based concrete products and quarrying company is s...


Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...


Construction company enters administration | ADMINISTRATION

A Bristol-based construction firm has collapsed into adminis...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Pure Gym and The Gym Group prepare to merge | MERGER

Two fitness centre businesses, Pure Gym and The Gym Group, a...


Potential sale on the cards for Pure Gym | BUSINESS SALE

Pure Gym could be for sale in the near future as the firm ha...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources