Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
The Private Equity Roll-Up Of Independent Gyms
Private equity has spent the last decade consolidating fragmented service industries, but the independent gym market has remained stubbornly resistant to large-scale roll-ups. In this episode, we examine why the fitness industry is different, looking at the specific operational hurdles that have kept chains like Planet Fitness and Equinox dominant while smaller players struggle. We analyze the capital intensity of real estate versus equipment, the high churn rates in membership models, and how boutique fitness studios are adapting their strategies to survive in a post-pandemic landscape where…
The skinny
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