Irvine-based Xponential Fitness Inc. (NYSE: XPOF) said Thursday it signed a deal that could bring its fitness brands inside more than 500 LA Fitness and City Sports Club locations.
The deal with Irvine-based Fitness International LLC, owner of LA Fitness and City Sports Club, is an exclusive development agreement that includes at least 350 franchised locations to be built out over the next five years.
Fitness International’s portfolio totals more than 700 locations in 27 states and Canada.
Xponential said build-out of its brands’ studios within these gyms is expected to begin in the first quarter of next year.
Xponential has a portfolio of 10 fitness brands it franchises, including Club Pilates, Rumble and its most recent acquisition BFT.
Xponential shares were trading up 1% to $18.01 in midday trading Thursday. The company had a recent market cap of $854.4 million.