Cottage Grove, Wis. — Johnson Fitness and Wellness, the world’s largest specialty fitness retailer and the retail division of Johnson Health Tech, will acquire all Gym Source retail locations across the Northeast and Mid-Atlantic, including New York, New Jersey, Pennsylvania, Massachusetts, Virginia and Connecticut. The acquisition of Gym Source locations — which will be folded under the Johnson Fitness and Wellness brand — increases the number of Johnson Fitness and Wellness retail stores to 100 in the U.S. and 365 stores globally.
Gym Source will continue to operate as a national commercial fitness dealer serving customers across a variety of industries, including hospitality, multifamily housing, corporate fitness, private clubs, medical and wellness and more.
“We’re thrilled to welcome the Gym Source retail team to the Johnson retail family,” says Bob Zande, President of Johnson Health Tech Retail, Inc. “Gym Source has created an exceptional team and network of specialty fitness stores. We are very pleased to add these locations in the Northeast and Mid-Atlantic as it accelerates our growth and increases our level of customer service in the region.”
“Gym Source has served customers in both the retail and commercial market segments for more than 75 years. With the sale of our retail stores, we are now able to focus on what has always been the largest division of the company: commercial fitness sales and service. Johnson Fitness and Wellness is both a retail market and industry leader and will be an excellent new owner for our stores,” says President Deborah McKeever.
The financial terms of the acquisition were not disclosed. The acquired Gym Source retail locations will be rebranded to Johnson Fitness and Wellness. Gym Source will continue to own and operate a commercial sales force serving customers throughout the U.S.
Gym Source USA LLC is a privately-owned, commercial fitness equipment sales and service provider and is headquartered in Teterboro, N.J.
Johnson Health Tech, Inc. (JHT) manufactures a wide assortment of fitness equipment for both commercial and residential use. Its management headquarters is based in Taichung, Taiwan, with global product development, marketing and engineering based in Cottage Grove, Wis.
SOURCE: Johnson Fitness and Wellness