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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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Chain restaurant earnings and economics expert John A. Gordon at Pacific Management Consulting Group provides analysis and management solutions to those who need to know about chain restaurant performance, yielding the right information at the right time.

Pacific Management provides creative, detailed and effective insight, independent research and analysis that is free of conflicts of interest so that you get the unvarnished truth. The company provides chain restaurant earnings and economics analysis, research, expert consultant and witness support, creditor committee support, due diligence and other analytical investigations of restaurants.

Visit me at Pacific Management Consulting Group. Contact me by email or call (619) 379-5561. I blog on Blue MauMau, Seeking Alpha, FOHBOH, Ad Age, and other business news sites.

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Franchise Operations