Aaron Watkins, who served as president of Gold’s Gym, was named the new CEO of Texas Family Fitness after a private equity firm acquired a majority interest in the Dallas-area chain.
Topspin Partners announced the acquisition on Monday. The clubs’ owner and founder, Trevor Rogers, will retain a large ownership stake in the clubs and will remain on the board of directors as the company looks to expand in Dallas and beyond. Texas Family Fitness currently has seven clubs in North Texas.
“I was looking for the right partner to help accelerate the growth of the business, and due to their knowledge and experience in the fitness industry, Topspin represents exactly that,” Rogers said in a statement. “Topspin’s expertise and network will be a tremendous asset for TFF going forward as the company expands.”
Before he left Gold’s Gym earlier this year, Watkins had served as president of Gold’s Gym since 2013 and was previously the Dallas-based company’s CFO.
“TFF is uniquely positioned in the Dallas market, offering its members high-value, full-service fitness clubs at an attractive price,” Watkins said in a statement. “I am excited about partnering with Topspin and Trevor to continue expanding TFF’s footprint.”
Topspin Partners is a suburban New York-based private equity fund. Integrity Square, a New York-based strategic advisory firm, served as the advisor in the transaction. The two firms have had a longstanding relationship, and Integrity Square has worked with Watkins on several acquisitions since 2010.