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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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About john a. gordon

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John A. Gordon, founding principal of Pacific Management Consulting Group provides analysis and advisory services relative to complex restauant topics. This includes buy or sell due diligence, operational analysis and improvemenrs, expert litigation support and business investigation and analysis.

Gordon focuses on restaurant strategy, operations and financial management topics, and has a 45-year background in restaurant operations and financial management staff roles for both franchisors and franchisees. He is a certified Master Analyst of Financial Forensics (MAFF). He supports both franchisees and franchisors, and has a franchise standards and practices sub speciality.

Pacific Management Consulting Group provides creative, detailed and effective insight, independent research and analysis that is free of conflicts of interest. The company provides chain restaurant earnings and economics analysis, research, expert witness engagements, suppors both consulting and sell side equity research firms, due diligence and other analytical investigations. He routinely partners with other restauant subject matter experts in a variety of specialities.

Visit him at Pacific Management Consulting Group. Contact him by email or call (619) 379-5561. Gordon blogs on on his website and publishes discussion papers; his press clips and a real time restaurant analysis blog, http://www.twitter.com/JohnAGordon is included.

Area of Interest
Franchise Operations