Dallas-based EoS Fitness, a fast-growing gym chain, is being acquired by private equity firm TSG Consumer Partners.
The terms of the deal were not disclosed, but EoS CEO Rich Drengberg will continue his current role and maintain a vested interest under the agreement.
EoS, which relocated its headquarters to Dallas in 2022, boasts more than 175 locations across the United States. In 2023, the chain acquired Houston-based Texans Fit, a chain started by the NFL’s Houston Texans.
Now, San Francisco-based TSG is purchasing EoS.
“We’re honored to partner with TSG Consumer, a firm that shares our vision to make high-quality fitness available to everyone,” Drengberg said in a statement, per Dallas Innovates.
“Their deep experience partnering with leading brands in the fitness industry and helping them deliver long-term value to their customers makes them an ideal partner for our next chapter. Importantly, TSG Consumer shares our commitment to innovation, continuous improvement and the evolution of our offering.”
With the deal in place, Drengberg says he looks forward to expanding EoS nationwide.
“With TSG Consumer’s support, we look forward to expanding our footprint while delivering exceptional value, experiences and a sense of community to our more than 1.5 million loyal members nationwide,” he said.
EoS’s growth has been rapid, having just crossed the one million member mark in September 2024. With the acquisition, the chain hopes to deepen its presence in Arizona, Florida, Georgia, Southern California, Nevada, Utah, and Texas.
“Their company-owned model enables best-in-class operations across locations, providing consumers with a high-quality and consistent experience that they love and trust. We’re excited to bring our resources to support their mission to create loyal, lifelong fans and exercise practitioners,” said TSG Consumer’s managing director, Adam Hemmer.