logo
logo

Johnson Fitness And Wellness Acquires Gym Source Retail Stores

Nov 02, 2021•almost 4 years ago

Acquiring Company

Johnson Fitness and Wellness

Acquired Company

Gym Source

SportsMobileHealth CareSportsMobileHealth CareInformation Technology

Description

Johnson Fitness and Wellness, the world's largest specialty fitness retailer and the retail division of Johnson Health Tech, announced today that it is acquiring all Gym Source retail locations across the Northeast and Mid-Atlantic, including New York, New Jersey, Pennsylvania, Massachusetts, Virginia and Connecticut. The Gym Source stores will be folded under the Johnson Fitness and Wellness brand.

Company Information

Company

Johnson Fitness and Wellness

About

Johnson Fitness and Wellness (JFW) is the retail division of Johnson Health Tech Retail, Inc. JFW is the world's largest specialty fitness retailer with more than 465 stores worldwide and counting. Each JFW retail outlet offers the strongest assortment of fitness products and brands, including Matrix, Vision and Horizon. The stores are staffed by experienced fitness consultants who help customers find the perfect product to achieve their fitness goals. Customers have access to a wide assortment of personal fitness and wellness equipment, including treadmills, ellipticals, stationary bikes, home gyms and accessories. To learn more, visit johnsonfitness.com.

Company

Johnson Fitness and Wellness

About

Johnson Fitness and Wellness (JFW) is the retail division of Johnson Health Tech Retail, Inc. JFW is the world's largest specialty fitness retailer with more than 465 stores worldwide and counting. Each JFW retail outlet offers the strongest assortment of fitness products and brands, including Matrix, Vision and Horizon. The stores are staffed by experienced fitness consultants who help customers find the perfect product to achieve their fitness goals. Customers have access to a wide assortment of personal fitness and wellness equipment, including treadmills, ellipticals, stationary bikes, home gyms and accessories. To learn more, visit johnsonfitness.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed