WTS International, a global leader in luxury amenity consulting and management for hotels, resorts, office towers and residential communities, today announced that it has acquired LifeStart, the nation’s largest corporate fitness and amenity management services provider. WTS International is a portfolio company of private equity firm CI Capital Partners, which acquired WTS in partnership with the company’s management team in 2019.
Gary Henkin, Founder and CEO of WTS International, said, “As a company that has been helping individuals and organizations build better lifestyles for nearly half a century, collaboration is at the heart of what we do. The combination of WTS International and LifeStart will enable us to expand important relationships within the commercial office industry. We will be well-positioned to provide developers and other clientele with unparalleled capabilities and offerings, driven by a commitment to wellness and luxury service.”
Michael Flanagan, LifeStart CEO, said, “WTS and LifeStart share a similar culture and a common goal—to improve the lifestyles of our clients’ residents and guests. Joining forces with WTS offers an exciting path forward with a company that has a superb reputation in the wellness and luxury hospitality industries. Combining resources will enable us to go further faster, supporting clients with significantly greater service capabilities and program offerings.”
LifeStart is also leading the way in technology offerings for commercial clients. “We view our suite of technology offerings as a key market differentiator, further empowering members and enabling us to deliver premium services at scale. We couldn’t be more excited about the opportunity to bring our technology assets to WTS’s portfolio of premier clients,” said Scott Campbell, LifeStart Chief Technology Officer.
“When we initially invested in WTS, our goal was to build a market-leading provider of wellness management services,” said Zubin Malkani, Managing Director at CI Capital. “We believe that the combination with LifeStart accomplishes just that. We will continue to look for add-on acquisitions that complement and enhance the combined companies’ exceptional suite of services.”
Michael Flanagan will become WTS’s Chief Growth Officer, while Scott Campbell will continue to develop technology initiatives as WTS’s Chief Technology Officer.