Tuesday, June 8, 2010

O2 Fitness Buys Millennium’s Chapel Hill Gym

“Health-club chain O2 Fitness has acquired the Millennium Sports Club facility in Chapel Hill and will be closing O2’s Southern Village location in July as it merges with Millennium’s facility in the Cole Park Plaza shopping center. Financial details of the transaction were not disclosed, but the deal does not affect Millennium’s facility at the Independence Plaza shopping center in Durham. Millennium’s Chapel Hill club manager, Dan Sparrow, says that O2’s management has already taken over operations of the gym and that the name change will be official July 1 with the closing of the Southern Village O2 Fitness facility. ‘We consider it an upgrade for both our members and theirs,’ Sparrow says...


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