LA Fitness
LA Fitness is an American gym chain with more than 550 clubs across the United States and Canada. The company was founded in 1984 and is based in Irvine, California.
LA Fitness was founded in 1984 by founder Chinyol Yi and Louis Welch in Los Angeles, California Through the mid-1990s, the company expanded by acquiring under-performing fitness clubs in southern California, and by developing, opening and operating newly constructed properties.
In 2007, the company expanded outside of the United States by acquiring six fitness clubs in Toronto, Ontario, Canada. In 2010, the company acquired ten locations in Phoenix from Pure Fitness Arizona. Within a year, all but one of the former Pure Fitness clubs were closed.
On November 30, 2011, the company completed the acquisition of 171 clubs, for $153M, from Bally Total Fitness. LA Fitness then began closing some former Bally Fitness clubs near existing LA Fitness facilities and remodeling others
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