Hot News!Ridge Hill Partners is pleased to announce the sale of Fitness Works at Work, a leading provider of private fitness center management and health promotion services to private companies. Clients of FWAW offer these services to their employees, benefiting both the company through lower insurance rates and increased productivity as well as the employees through better health. FWAW is now part of Plus One Health Management, Inc., a larger, private equity-backed provider of fitness center management and health promotion services.
FWAW was founded by Iris Sokol in Sherborn, Massachusetts more than 25 years ago. Iris is a classic USBO - Unique and Specialized Business Owner - who's entrepreneurial drive built FWAW to over 20 clients. Ms. Sokol had a terrific staff helping to manage the Company's growth in this vibrant industry. Ultimately, however, the choice to team up with a larger company would reduce the risk of managing future growth and provide the systems, management and processes necessary for a higher level of revenue.
Ridge Hill Partners advised Ms. Sokol on valuing FWAW, analyzing the market, approaching buyers, negotiating the transaction price and terms as well as managing due diligence and completing the transaction.
To read the press release from Plus One regarding this transaction,
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