Arch Amenities Group Acquires Synergy Fitness Group With 26 Managed Sites
Arch Amenities Group, a full-service global provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs, today announced it acquired Synergy Fitness Group, a premier fitness management company with 26 facilities in the mid-Atlantic region.
Specializing in wellness and fitness programming, Synergy offers its corporate clients a range of services, including fitness center design, management and equipment maintenance.
Barry Goldstein, Arch chief executive officer, said the acquisition would strengthen the company's leadership position in corporate fitness and wellness amenities for multi-tenant office buildings.
"The Synergy acquisition is another step toward our goal of becoming the leading full-service amenity provider for commercial and residential properties, hotels and private clubs worldwide," he said. "This investment also complements our recent acquisition of Meet Hospitality Services, which offers design and management services to meeting, conference and amenity centers."
Synergy was established in 2006 by Michael Grossman of Annapolis, Maryland, an attorney who identified the need for professional corporate fitness and wellness management in the Washington, D.C., metropolitan area and entered the industry by purchasing Excel Fitness Group and its 10,000-square-foot center in Glen Burnie, Maryland, later renamed World Gym.
About Arch Amenities Group
Arch Amenities Group, based in Rockville, Maryland, is a leading provider of amenity management, hospitality consulting and recruiting services for commercial and residential properties, hotels, spas, private clubs and pools. Arch provides preopening and sustaining strategy and support for leading wellness and amenity spaces in the United States and across the globe. Arch, which manages 496 sites and employs more than 3,500 associates, maximizes the potential of spaces, helping to drive revenue and increase utilization for clients while creating a sense of community and connection for the people they serve. Arch is a portfolio company of private equity firm CI Capital Partners.
