Boynton Beach, Fla. — October 2, 2024 — Fitnessmith, a leading provider of fitness gym equipment sales and service across 47 states, has announced a significant expansion through the acquisition of Gym Source USA’s commercial equipment, preventative maintenance, and service divisions. This strategic move strengthens Fitnessmith’s position as one of the largest fitness equipment providers in the United States, enhancing its ability to deliver comprehensive fitness solutions to a wide range of clients, including multifamily communities, country clubs, municipal centers, schools, and universities.
A Strategic Acquisition for Nationwide Growth
The acquisition, finalized in late 2024, marks a pivotal moment for Fitnessmith, headquartered in Boynton Beach, Florida. Gym Source USA, based in New York City, has long been a trusted name in the fitness industry, supplying high-quality equipment and services across 21 states. By integrating Gym Source’s commercial divisions, Fitnessmith expands its operational footprint and enhances its service capabilities, solidifying its reputation as a one-stop shop for fitness facility needs.
Michael Scichilone, CEO of Fitnessmith, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome Gym Source USA’s commercial sales and service divisions into the Fitnessmith family. This acquisition significantly enhances our reach and strengthens our position as a leading provider in the industry.”
The deal aligns with Fitnessmith’s mission to provide seamless, end-to-end fitness solutions, from gym design and equipment procurement to installation and ongoing maintenance. With a network of over 70 dedicated professionals and partnerships with more than 70 notable manufacturers, Fitnessmith is well-positioned to deliver tailored fitness experiences that meet the unique needs of its clients.
Enhancing Service Excellence
Gym Source USA has built a strong reputation for its commitment to quality, with a team of skilled technicians and sales staff dedicated to delivering exceptional service. Deborah McKeever, President of Gym Source USA, highlighted the shared values between the two companies, noting, “We take great pride in our equipment sales and service divisions, and the quality of work and expertise provided by our skilled technicians and sales staff on the frontlines every day. With Fitnessmith acquiring our sales and service divisions, they are now among the largest sales and service providers in the nation.”
This acquisition ensures a smooth transition for Gym Source’s existing clients, who will continue to receive high-quality service under Fitnessmith’s expanded network. Fitnessmith’s factory-certified technicians, trained by leading manufacturers, are equipped to handle a wide range of equipment, from cardio machines to strength training systems. The company’s customized preventative maintenance programs are designed to extend the lifespan of fitness equipment, reduce downtime, and ensure safety, creating a positive experience for gym users.
Meeting the Needs of a Growing Industry
The fitness industry has seen significant growth in recent years, driven by increasing demand for high-quality fitness facilities in commercial and residential settings. According to industry reports, the global fitness equipment market is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030, fueled by rising health consciousness and the expansion of commercial gyms, fitness studios, and wellness centers.
Fitnessmith’s acquisition comes at a time when gym owners and facility managers are prioritizing reliable equipment and proactive maintenance to enhance user satisfaction and protect their investments. Routine maintenance services, as emphasized by industry experts, can significantly extend the lifespan of fitness equipment, reducing the need for costly replacements and ensuring operational efficiency.
By acquiring Gym Source’s commercial divisions, Fitnessmith gains access to a broader client base, including multifamily communities, educational institutions, and hospitality venues. This move allows Fitnessmith to offer its comprehensive suite of services—ranging from gym design and equipment installation to preventative maintenance and repairs—to a larger audience, ensuring that facilities across the country remain in peak condition.
A Commitment to Innovation and Quality
Fitnessmith’s growth strategy is rooted in its commitment to innovation and quality. The company’s partnerships with leading manufacturers, such as Life Fitness, Precor, and Cybex, enable it to offer cutting-edge equipment that meets the needs of modern fitness facilities. These partnerships, combined with Fitnessmith’s expertise in gym design and maintenance, position the company as a leader in creating fitness environments that are safe, efficient, and engaging.
The acquisition also enhances Fitnessmith’s ability to offer specialized services, such as its exclusive equipment trade-in program, which allows clients to upgrade their fitness amenities by applying the trade-in value of their current equipment toward new purchases. This program, along with Fitnessmith’s refurbished pre-owned equipment options, provides cost-effective solutions for gyms looking to modernize without breaking the bank.
Industry Implications and Future Outlook
The acquisition of Gym Source USA’s commercial divisions by Fitnessmith is a significant development in the fitness equipment industry, signaling a trend toward consolidation and enhanced service offerings. As gyms and fitness facilities face increasing pressure to maintain high-quality equipment and deliver exceptional user experiences, providers like Fitnessmith are stepping up to meet these demands with comprehensive, turnkey solutions.
Industry observers note that this acquisition could set a precedent for further consolidation in the highly fragmented fitness equipment repair and maintenance market. By expanding its service capabilities and geographic reach, Fitnessmith is well-positioned to capitalize on the growing demand for reliable, high-quality fitness solutions.
For gym owners and facility managers, the acquisition means access to a broader range of services backed by a nationwide network of professionals. Fitnessmith’s focus on preventative maintenance and timely repairs ensures that fitness facilities can operate smoothly, minimizing downtime and enhancing member satisfaction.
Looking Ahead
As Fitnessmith integrates Gym Source USA’s commercial divisions, the company is poised to redefine industry standards for fitness equipment sales and service. With a commitment to excellence, a robust network of service providers, and a customer-centric approach, Fitnessmith is well-equipped to meet the evolving needs of the fitness industry.
Clients can expect continued innovation, with Fitnessmith exploring new ways to enhance gym experiences through advanced technology and tailored maintenance programs. As the company expands its reach across 47 states, it remains dedicated to delivering the high-quality service that has made it a trusted name in the industry.
For more information about Fitnessmith’s services or to inquire about their comprehensive fitness solutions, visit fitnessmith.com.
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