VivaGym, Spain and Portugal’s top high-value, low-price (HVLP) gym chain, has acquired Synergym International in a move that will substantially grow the brand’s footprint across the Iberian Peninsula.
With the help of Providence Equity Partners, the acquisition of Synergym adds more than 160 HVLP gyms across Spain to VivaGym’s footprint, which now spans over 450 clubs.
“This is a defining moment for VivaGym, which builds on a project that is already experiencing strong growth and allows us to accelerate our expansion strategy,” said VivaGym CEO Cristina Burzako.
“We are bringing together two complementary businesses to significantly expand our reach and better serve members across Iberia,” she continued. “Our focus is on delivering a high-quality, accessible fitness experience, and this step allows us to accelerate that ambition. With a broader network and enhanced capabilities, we believe we are well-positioned to keep improving our offer and driving the next phase of our growth.”
Rhode Island-based investment firm Providence Equity Partners has been involved with VivaGym since 2024, when it first acquired the Iberian operator as it announced ambitions to expand into Italy, Germany and the U.K.
“VivaGym has demonstrated its ability to expand, and we believe this acquisition further strengthens its position in the Iberian market,” said Providence managing director Robert Sudo. “The business is benefiting from strong long-term trends of people willing to invest in health and wellness, alongside growing demand for accessible, flexible fitness in a market with continued participation growth and significant headroom.”
The move comes amid a wave of consolidation in Europe’s fast-growing fitness market as many operators look to construct larger facilities with more amenities to keep up with changing consumer demands and expectations.