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Monday
Oct062014

New ownership for Bay Club Company

Matthew StevensBay Club Company, a San Francisco– based chain with 11 locations across six California campuses, has a new set of owners.

The business, which had been held by an affiliate of the investment firm KSL Capital Partners, LLC, is now owned by York Capital Management and BCC’s management team, which hold a majority interest; and JMA Ventures, an investment and real estate firm, which takes a minority position.

The terms of the transaction were not disclosed.

The new ownership arrangement increases the pool of employee owners from approximately 40 to more than 120 managers and directors.

Founded in 1977, the upscale, active lifestyle company was originally known as Western Athletic Clubs. In 2013, it underwent a rebranding, bringing all of its properties together beneath one premium brand. That rebranding initiative was designed to move BCC deeper into the hospitality industry and position it for expansion.

Over the past several years, BCC, a pioneer of the urban sports resort sector, has assembled a management team of fitness, hospitality, technology, and finance veterans to facilitate its hospitality aspirations.

“The powerhouse combination of Bay Club, York Capital, and JMA will allow us to fully realize our goal of creating active lifestyle campuses throughout California and beyond,” said Matthew Stevens, the president and CEO of BCC. “Each campus will offer members an assortment of luxury amenities and services too vast to be offered at any single location.”

BCC earned a spot in two listings of the 2014 edition of The IHRSA Global 25, which reflects a firm’s performance in 2013: It was No. 19 with respect to Revenues ($132 million); and No. 19 in Revenue Growth, 2012-13 (+12%). 

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