CALIFORNIA FAMILY FITNESS ANNOUNCES PARTNERSHIP WITH PERPETUAL CAPITAL PARTNERS
Sacramento Region’s Premier Provider to Gain Resources and Expertise to Grow and Strengthen Its Family Fitness Opportunities
Orangevale, Calif., January 5, 2016 – California Family Fitness announced today that Perpetual Capital Partners, a Washington DC based private investment firm, has acquired the Sacramento-based fitness provider from Bunker Hill Capital. Terms of the agreement are not disclosed.
“California Family Fitness is excited about the opportunity to work with a partner that shares its commitment to providing the best fitness amenities and a family atmosphere in neighborhoods throughout the greater Sacramento area,” California Family Fitness President Randy Karr said. Today begins the next chapter in the incredible story that is the history of California Family Fitness. Perpetual Capital Partners is committed to building on the vision of company founders Larry Gury and Russ Kuhn and supporting the great management team and organization.
Perpetual Capital Partners are long term investors that provide capital, corporate and strategic resources to help their companies achieve long-term sustainable growth. The acquisition reflects the strength and success of California Family Fitness as well as its potential for continued growth.
“Today is a great day for our members, staff and the Sacramento region. This new partnership is designed to build on our commitment to giving members the best fitness opportunities and programs in the best possible atmosphere. Our vision is to keep growing strategically by adding convenient locations in neighborhoods throughout the Sacramento region,” Karr concluded.
ABOUT CALIFORNIA FAMILY FITNESS
California Family Fitness has been the Sacramento region’s leading homegrown, community-based health and fitness provider since 1991. It has been consistently rated as a local favorite among community members due to its family atmosphere, professional and committed employees and tremendous pride in its ‘Built in Sacramento’ culture. California Family Fitness offers an array of helpful training and programs including child care, personal training/nutrition plans, various swim programs, and numerous unique fitness classes such as: mind/body training, aqua fitness, and cardio/choreographed classes. There are 19 conveniently located clubs throughout the Sacramento region and hopes to continue expanding throughout California with the goal to further impel a healthier community one family at a time.
ABOUT PERPETUAL CAPITAL PARTNERS
Perpetual Capital Partners is a private investment firm that invests in, acquires, owns and operates middle market companies. The firm is a long-term investor that employs a collaborative and proactive investment approach, providing capital, corporate and strategic resources to help companies create value and achieve long-term sustainable growth. The Perpetual Capital Partners team has extensive experience with private investing, acquisitions, transition management, corporate finance, strategic and capital planning, marketing, business development and accelerating corporate growth. Perpetual Capital Partners is based in greater Washington, DC. For more information, visit http://www.perpetualcapitalpartners.com.