Town Sports International to acquire studio business of Flywheel Sports.

Town Sports International, which owns and operates health fitness clubs, agreed to acquire the studio business of Flywheel Sports, the operator of health clubs, spas, and other physical fitness facilities. Financial terms were not disclosed. "Flywheel is an iconic name in the fitness industry and this acquisition accelerates TSI’s strategic plan as we continue to upgrade our club network and offer more value to our members. The Flywheel acquisition fits perfectly into TSI’s strategy, as it enables us to elevate our members’ fitness experience by offering a luxury, boutique product while elevating their fitness routines, along with the benefits of additional formats and locations. We look forward to integrating and adopting Flywheel’s five star standards and operational excellence within TSI as we raise the operational and service standards at all TSI locations,” Patrick Walsh, TSI Chairman, and CEO.