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« This Week in the Fitness Industry 2-14-14 | Main | Rhode Island introduces wellness program incentives bill »
Friday
Feb142014

Expansion, new brand for Mountainside Fitness with $40M in funding

Mountainside Fitness, the Arizona-based health club chain, will be able to expand thanks to a new partnership with PNC Mezzanine Capital.

Mountainside could see a growth capital of up to $40 million, enabling the company to add to its 10 locations. Mountainside projects it will be able to add 1,500 to 2,000 jobs as a result.

CEO Billy Malkovich said there will be a new brand created with the funding, but, according to a story in the Phoenix Business Journal, he couldn't elaborate.

“We are extremely excited about our partnership with PNC Mezzanine Capital,” said Tom Hatten, president of Mountainside Fitness, in a press release. “This is the next step in our ability to grow not only locally, but in markets across the country.”

For more on the partnership, go to the Phoenix Business Journal story; for more on Mountainside, go to mountainsidefitness.com.

 

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