The company's fitness clubs offer a variety of exercise equipment, swimming pool and spa, basketball and racquetball courts, indoor cycling, personal training and a children's area called "Kids Klub". LA Fitness also provides corporate wellness programs; and group fitness programs.
LA Fitness is a privately owned company, owned by private equity firms Madison Dearborn Partners, Seidler Equity Partners and CIVC Partners. Madison Dearborn Partners was founded in 1992 and is based in Chicago, Illinois. The founders of Madison Dearborn had previously made private equity investments for First Chicago Bank.
Madison Dearborn's chairman, John Canning, Jr., is also a minority owner of the Milwaukee Brewers baseball team and submitted an ultimately unsuccessful bid to buy the Chicago Cubs.
MDP has 14 billion dollars in assets and on May 2007 paid 600 million dollars for the rights to manage the health club.
Seidler equity partners have 1 billion dollars under their management and La Fitness is one of the companies under thier portofolio.
CIVC is another private equity firm that has 1 billion dollars in assets. La Fitness is one of their largest investments.
La Fitness alone has a revenue of about $ 647,820,00 a year.