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TRT Holdings Retains Piper Jaffray to Explore Sale of Gold's Gym.

MANews-(C)2009-2018

25 July 2018 - Texas, US-based TRT Holdings, Inc., Gold's Gym majority shareholder has retained Piper Jaffray and Co. to conduct a sales process for the sale of fitness brand Gold's Gym, the company said.

TRT Holdings said over the years, the company has received interest from potential owners looking to buy the fitness brand.

With TRT Holdings' increased focus on its Omni Hotels and Resorts, the company said it feels that now is the right time to go to market.

During its partnership with TRT Holdings, Gold's Gym has grown to 700+ locations across six continents and has differentiated the brand through a series of new fitness offerings, including Gold's Studio, the company's signature boutique-style fitness classes, Bootcamp large group training classes and 3D body scanning technology.

TRT Holdings is a large, diversified private holding company that owns Omni Hotels and Resorts and Gold's Gym, as well as numerous other public and private investments.

Gold's Gym is a fitness authority serves 3.0 m people across six continents each day.

Country: USA

Sector: Business and Consumer Services

Target: Gold's Gym

Buyer:

Vendor: TRT Holdings

Deal size in USD:

Type: Divestment

Financing:

Status: Speculation

Buyer advisor: , ,

Comment: Company mulls sale of Gold's Gym

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Publication:M & A Navigator
Date:Jul 25, 2018
Words:205
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