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Entries in Brenda Loube (1)

Monday
Aug112014

Women-owned wellness companies merge to form stronger brand

Allison Flatley, left, Brenda Loube, center, and Sheila Drohan.In late March, two women-owned, IHRSA-member companies confirmed, unequivocally, the dramatic and positive impact that women are having on American business that’s detailed in The 2013 State of Women-Owned Business Report, commissioned by American Express OPEN.

Corporate Fitness Works (CFW), based in St. Petersburg, Florida, announced that it had acquired L&T Health and Fitness (L&T), which has its headquarters in Falls Church, Virginia, for an undisclosed sum.

Both are leading providers of management and consulting services in the corporate health and fitness market. For 2013, CFW reported that it had revenues of $5.4 million and more than 200 employees, 150 of them full-timers. L&T had revenues of nearly $10 million, 372 employees, 141 of them full-timers, and, since 2000, had been ranked one of the “top 100 fitness companies” in the U.S.

Read on to see how the deal went down, and more.

Click to read more ...