NCP: International Fitness

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International Fitness

With 25 clubs in Calgary and Edmonton, World Health Club is a leading operator of fitness clubs in the province of Alberta, Canada. The Company provides health club services to approximately 40,000 members, offering fitness memberships and other ancillary services including personal training and group fitness classes under two distinct brands, World Health and Spa Lady. The company is built on the philosophy of great service, convenient locations, state-of-the-art equipment and knowledgeable staff, all for an affordable price. World Health Club's goal is to be a part of its community by helping people to live healthy and active lives.

As the leading private equity firm focused on investments in consumer product, service, and retail businesses that benefit from health, wellness and active living trends, North Castle has reentered the fitness market through a partnership with Rob Leach, CEO of World Health Club. With its prior experience from the successful fully realized investment in fitness club operator Equinox Fitness and partially realized investment in fitness equipment supplier Octane Fitness, North Castle is leveraging its established network and knowledge in the industry to build World Health Club into a world class fitness club operator.

According to the International Health, Racquet and Sportsclub Association, the Canadian fitness club industry reached $1.8 billion in revenues in 2006. The Canadian fitness club market is composed of approximately 4,900 clubs with 4.5 million members. Canada currently has the 4th highest penetration rate globally with 15% of its total population holding a fitness club membership. However, the Canadian market is relatively underserved with the 5th highest number of clubs.

North Castle and management believe an opportunity exists for the World Health Club to build best in class geographic fitness club clusters in Western Canadian markets to serve populations with attractive demographic and psychographic characteristics.

Website
www.worldhealthclub
www.spalady.ca

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