Minnesota-based Anytime Fitness owner merging with Orangetheory in global gym deal
Woodbury-based Self Esteem Brands, which owns national 24-hour gym chain Anytime Fitness, announced this week it will merge with Orangetheory Fitness to create a combined company with about 7,000 locations and $3.5 billion in annual revenue.
The combined company will ultimately have a new name. A search is underway for a CEO to lead the new operation. The initial plan is for the merged company to have two headquarters locations, one in Minnesota and one in Florida. Anytime Fitness and Orangetheory will remain separate brands.
Self Esteem also owns Waxing the City, Basecamp Fitness and the Bar Method and is…