Alturas Business Partners acquired Idaho Fitness Factory as part of the Alturas Business Fund. Idaho Fitness Factory was founded in the Treasure Valley, and operates eight locations locally.
EAGLE, Idaho, Sept. 2, 2022 /PRNewswire-PRWeb/ -- On July 1, 2022 Alturas Business Partners acquired Idaho Fitness Factory, which owns and operates eight fitness clubs throughout the Treasure Valley. Idaho Fitness Factory has 28 employees and nearly 20,000 members, with gyms located in Boise, Meridian, Nampa and Caldwell.
Idaho Fitness Factory was founded in 2011 by Cory Coltrin, Cade Coltrin, Chris Coltrin and Tyler Hess. They successfully scaled the business into the premier local gym in the Treasure Valley with a focus on cleanliness and customer service. The gyms offer no-contract, straightforward pricing with a la carte additions like tanning, group fitness and multi-club access to fit the needs of their members.
"Idaho Fitness Factory was born in the Treasure Valley, and we found a successor who understands the importance of that legacy," says Idaho Fitness Factory co-founder Cory Coltrin. "We couldn't have imagined a better outcome for the business and our team."
The new owners plan to carry on the great things that members have come to expect from Idaho Fitness Factory and look for ways to expand the company's footprint. "Idaho Fitness Factory is a perfect fit for Alturas Business Partners because the business model and core values align with our goals and core values," states Alturas Business Partners CEO Ben Johnson. "We look forward to bringing new Idaho Fitness Factory services and locations to the Treasure Valley and beyond in the coming years."
Cory Jakobson and Jenna Balch at Columbia Bank arranged the debt financing for the acquisition.
About Idaho Fitness Factory
Idaho Fitness Factory operates eight fitness clubs across the Treasure Valley. The company's most recent addition opened in November 2021 at the corner or McMillan Road and Meridian Road in Meridian, Idaho. Idaho Fitness Factory is focused on providing clean, convenient, 24-hour gyms for its members with affordable, straightforward pricing.
Gym locations:
- 4940 Elsinore Ave, Meridian
- 11600 Fairview Ave, Boise
- 3344 W State St, Boise
- 3361 N Cole Rd, Boise
- 2270 W Everest Ln, Meridian
- 1535 W Franklin Rd, Meridian
- 4108 Clock Tower Ave, Caldwell
- 980 Rising Sun Dr, Nampa
About Alturas Business Partners
Alturas Business Partners buys and operates small- to medium-sized businesses with sustainable, predictable cash flow from a variety of industries primarily in Idaho and the Intermountain West. Alturas Business Partners works with business owners who care about the company's legacy and people and simultaneously want to achieve their financial goals and exit their business with a smooth transition to new ownership. Read this press release to learn more about Alturas Business Partners.
Contact Information
Ben Johnson
[email protected]
LinkedIn
Media Contact
Ben Johnson, Alturas Business Partners, 1 208-242-2565, [email protected]
SOURCE Alturas Business Partners
Share this article