Town Sports acquires Flywheel Sports
January 7, 2020
Town Sports International Holdings Inc., one of the largest owners and operators of fitness clubs in the Northeast, agreed to acquire the studio business of Flywheel Sports Inc., the spin chain. Established in 2010, Flywheel has 29 indoor cycling locations across the United States. In June 2018, reports arrived that Flywheel had been taken over by a lender amid financial struggles and was working with an advisor to explore a possible sale. Read more on SGBMedia.