24 Hour Fitness signs on as for Team USA - United States Olympic and Paralympic Committee (USOPC)
Participating in this sponsorship deal:
About Sponsor:
24 Hour Fitness is the world's largest privately owned and operated fitness center chain, and third in number of clubs behind Gold's Gym and Fitness First of the UK. It currently has 425 clubs and over 20,000 employees in the U.S.A. The company has its corporate office located in San Ramon, California and a processing center located in Carlsbad, California. The founder is Mark S. Mastrov and current CEO is Carl Liebert III. 24 Hour Fitness is currently owned by the private equity firm Forstmann Little & Company, since its acquisition in a $1.6 billion leveraged buyout in 2005. 24 Hour Fitness operates a nutritional supplement company, Apex Fitness Group, which is also the distributor of the Bodybugg system.
About Property:
The United States Olympic and Paralympic Committee is a non-profit organization that serves as the National Olympic Committee and National Paralympic Committee for the United States and coordinates the relationship between the United States Anti-Doping Agency and the World Anti-Doping Agency and various international sports federations. Under the Ted Stevens Olympic and Amateur Sports Act, the Committee is chartered under Title 36 of the United States Code. Despite this federal mandate it receives no continuous financial assistance from the U.S. government. As a non-profit organization it competes with other charities for private contributions.