LongRange Capital and Mark Mastrov to acquire 24 Hour Fitness.

LongRange Capital, a private equity firm, and Mark Mastrov agreed to acquire 24 Hour Fitness, a privately owned and operated fitness center chain. Financial terms were not disclosed. "LongRange Capital was founded on the belief that through strategic support, patient capital, and a focus on delivering greater value for customers, companies can develop into exceptional businesses over the medium- and ultimately long-term. 24 Hour Fitness has an iconic legacy and significant opportunity ahead, and we're excited to partner with Mark, Karl, and the exceptional team at 24 Hour Fitness during this next phase of growth," Bob Berlin, LongRange Capital Founder and Managing Partner.