Richmond, VA (PRWEB) September 15, 2009
Boxwood is pleased to announce the acquisition of Robious Sports & Fitness from CJW Medical Center. The acquisition of the business and the related real estate was made through two newly-formed companies, Boxwood RSF, LLC and Boxwood RSF RE, LLC. First Market Bank provided the debt financing for the transaction. Terms were not disclosed.
With more than 6,500 active families and individual members, Robious Sports & Fitness (http://www.robious.com), has been in operation for nearly 20 years at its current location and has been recognized as a Top 100 Fitness and Wellness Center four times during the past ten years (2001, 2002, 2003, and 2007) out of the more than 19,000 facilities across America. Encompassing nearly 11 acres and 70,000 square feet of space in the Richmond suburb of Midlothian, the club offers indoor and outdoor tennis, group exercise and fitness classes, personal training, cardio training, basketball and racquetball court sports, child minding, indoor aquatics, and a very popular outdoor pool and water park.
"We are looking forward to working with Boxwood on further investment in our facility," said Ward Hamilton, General Manager of Robious Sports & Fitness; "they are very committed to ensuring that Robious stays ahead of the curve while providing our members a state-of-the-art facility and high quality staff." The current management and staff will remain in place and continue to operate the business.
Patrick Galleher, Chairman of the Boxwood RSF entities, remarked, "We became impressed with the facility and dedicated staff as we evaluated the opportunity. It has tremendous potential. Working with Ward Hamilton, we have identified several exciting opportunities, and will be investing additional money and resources to provide our members a truly great experience."
Bobby Morris, President of the Boxwood RSF entities, added, "We all live and work in the area, and have a vested interest in making Robious a special place. The club has been recognized as an industry leader, and we expect to build upon that tradition and really differentiate Robious within the local sports and fitness market."
About Robious Sports & Fitness
Robious Sports & Fitness (http://www.robious.com) is a leading full-service sports and fitness club located in Richmond, Virginia. The facility has been recognized as a Top 100 Fitness and Wellness Center in U.S. and offers its members a diverse range of sports, fitness, and wellness activities including tennis, cardio and weight training, aquatics, racquetball, court sports, group exercise, personal training, and spa services --- all in a fun, family friendly environment.
About Boxwood RSF, LLC and Boxwood RSF RE, LLC
Patrick Galleher and Bobby Morris, both partners in Boxwood, and Richmond businessman Patrick O'Toole together formed the Boxwood RSF and Boxwood RSF RE entities to acquire the Robious operating business and real estate, respectively.
Boxwood Partners, LLC (http://www.boxwoodpartnersllc.com), together with its affiliate Boxwood Capital Partners, LLC is a merchant banking firm based in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm's extensive relationships within the global finance communities (including U.S. and international private equity groups, corporations, hedge funds, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants ensure that the firm's clients receive the attention, service, and results they deserve.
Contact: J. Patrick Galleher
Phone: +1 (804) 343-3441
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