Life Time Becomes Largest Indoor Tennis Court Operator
Life Time Fitness, Inc., announced Tuesday that it has become the largest operator of indoor tennis courts in the country through the acquisition of a club in Atlanta.
Chanhassen-based Life Time did not disclose the terms of the deal through which it bought Racquet Club of the South (RCS). The acquisition expands its tennis operations to 158 courts, 104 of which are indoors. Life Time now offers tennis at 16 club locations in seven states.
Life Time said that RCS will be rebranded as Life Time Tennis Atlanta. The club currently has eight indoor and 28 outdoor tennis courts and includes a tennis training center, a 25-meter outdoor pool, fitness and massage facilities, a club house with a restaurant, and a 4,000-seat stadium court. Life Time plans to remodel the facility this year.
“With its tradition of developing internationally ranked juniors as well as hosting national and international professional tournaments, exhibitions, and amateur events, RCS is the perfect complement to our existing, national tennis programming portfolio,” Jeff Zwiefel, Life Time's executive vice president and chief of operations, said in a statement. “In addition to upholding RCS' rich tennis heritage, we look forward to completing our planned renovation and serving both existing and new members at what will be a world-class tennis destination.”
Life Time Fitness is among Minnesota's 35-largest public companies based on revenue, which totaled $912.8 million in 2010. The company plans to announce its 2011 financial results on February 16.