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Curves Bought by Private Equity Firm North Castle Partners

An old closed down Curves Fitness
A shuttered Curves Fitness

Josh Kosman of the NY Post has reported that the Heavin family, the Curves founding group, has sold to private equity firm North Castle Partners.

Kosman reported that the franchisor company's EBITDA has fallen from $65 to $20 million. The terms of the purchase were not disclosed.

Curves, and mostly the franchisees, has been plagued for some time with fitness center closures.

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