The sponsorship grants memberships to some U.S. In 2004, 24 Hour Fitness became a sponsor of the 2004–2008 United States Olympic teams. The company was originally named "24 Hour Nautilus", but merged with southern California based company "Family Fitness" in 1996, which resulted in both brands emerging as "24 Hour Fitness" 2004–2008: Olympics and other sponsorships Mastrov had been using a local gym for rehab after a knee injury, and turned the gym into a 24-hour nautilus facility after buying out the owner. History Early history and founding Ģ4 Hour Fitness was founded in 1983 by Mark Mastrov. ĭespite the chain's name, many of the gyms are not open 24 hours a day. Mastrov and was sold to Forstmann Little & Co in 2005, and then to AEA investors and Ontario Teachers Pension Plan in 2014.Īfter COVID-19 forced gym closures and ravaged the fitness industry in 2020, the company filed for bankruptcy in June 2020, closed over 100 clubs, and successfully emerged from bankruptcy under new owners Sculptor Capital Investments LLC, Monarch Alternative Capital LP and Cyrus Capital Partners LP in December, 2020. The company was originally founded by Mark S. It is the second largest fitness chain in the United States based on revenue after LA Fitness, and the fourth in number of clubs (behind LA Fitness, Anytime Fitness & Gold's Gym), operating 287 clubs across 11 U.S. 24 Hour Fitness's former headquarters building in San Ramon, CaliforniaĢ4 Hour Fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California.
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