Johnson Fitness and Wellness, Cottage Grove, Wisconsin, is acquiring all of Gym Source retail locations across the Northeast and Mid-Atlantic, including New York, New Jersey, Pennsylvania, Massachusetts, Virginia and Connecticut, the company announced Nov. 2. The purchase price was not released.
The acquired Gym Source retail locations will be rebranded to Johnson Fitness and Wellness. Johnson Fitness and Wellness if part of Johnson Health Tech Inc., which manufactures fitness equipment brands Matrix, Vision and Horizon.
Gym Source, Teterboro, New Jersey, will continue to operate as a national commercial fitness dealer serving customers across a variety of industries, including hospitality, multi-family 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,” Bob Zande, president of Johnson Health Tech Retail Inc., said in the announcement. “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.”
The acquisition of Gym Source locations increases the number of Johnson Fitness and Wellness retail stores to 100 in the United States and 365 stores globally. Each store offers an assortment of fitness equipment, including Johnson Health Tech’s proprietary brands Matrix, Vision and Horizon, along with customer support.
“Gym Source has served customers in both the retail and commercial market segments for more than 75 years,” said Gym Source President Deborah McKeever. “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.”