Aug 14, 2008 11:34 AM
Titan Fitness Wins Visionary and Bravo Awards
IRVING, TX -- Titan Fitness won the Visionary Award from Gold’s Gym International and the Bravo Award from the Gold’s Gym Franchise Association during the Gold’s annual franchise convention in late July in Las Vegas.
The Visionary Award honored Titan for its creativity and leadership in obtaining private equity financing for the acquisition and construction of new Gold’s Gyms, as well as the conversion of existing independent gyms to the Gold’s Gym brand.
In January, Jeff Skeen, president and CEO of Titan Fitness, and his partners, A.J. Mushtaq, chief financial officer; Dal Clayton, chief operating officer; Aaron Lieberman, chief development officer; and Josh Harwood, senior vice president of operations, secured the backing of a $200 million private equity fund to purchase and develop Gold’s Gyms nationwide. As a result, Titan Fitness became one of the largest Gold’s Gym franchisees in the United States and is using the private equity funding to grow its Gold’s Gym portfolio to more than 60 open locations nationwide during the next five years.
The Bravo Award honors the most significant contribution to the Gold’s Gym brand and its franchisees. Known as the Franchisee of the Year Award, the Bravo award honors Skeen and his partners for routinely advising franchisees on operations and other business matters.
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