Acquisition of Townsend Fitness Equipment Repair

heartline fitness experts
 (Pictured L-R: Jim Kennedy, Maryanne Townsend, Dave Townsend, Bob Burgess, Paul Coughlin, and Jeff Shipman)

Gaithersburg, MD, April 1, 2014 – Heartline Fitness Systems has acquired Smyrna, DE-based, David L. Townsend Company (Townsend Repair). Owned by David Townsend, Townsend Repair has been providing commercial fitness equipment repair and maintenance services to the Northeastern United States since 1993. In addition to Delaware, Townsend Repair serves Eastern Pennsylvania, Maryland, and New Jersey.

Townsend Repair is Heartline’s third service company acquisition in the last four years, having purchased Fitness Worx (Virginia Beach, VA) in January, 2010, and BNT Repair Services (Pilesgrove, NJ) in 2012. While Fitness Worx and BNT have helped support Heartline’s Mid-Atlantic market growth, Townsend Repair expands Heartline’s northeast presence by adding four service technicians and some 400 commercial accounts. “We couldn’t be happier with our partnership with Townsend Repair,” says Heartline’s president, Bob Burgess. “Dave has built a reputation based on service excellence.” “It was this excellence that drew us to Townsend Repair and was critical in our partnership discussions.” “At the end of the day, Heartline is a service-driven company.”

“Timing couldn’t have been better to join the two firms in the northeast,” says Jeff Shipman, president of Heartline’s Technical Services Division. “We have been growing our sales and service position in the northeast since 2009, and the acquisition of Townsend Repair helps take our business to another level in the region.”

“To say I was hesitant in this undertaking would have been an understatement.” “My wife and I knew it was time to sell, but we were very uncertain as to who to sell to and how the process worked,” says David Townsend. “Jeff and Bob couldn’t have been more patient in educating us on the process (pro’s and con’s) and giving us the comfort level and certainty we needed.” “We’re looking forward to helping Heartline take our business to greater heights in the northeast.”

For more information about David Townsend and other members of the Heartline team, please visit:

http://www.heartlinefitness.com

About Heartline

Since 1983, Heartline’s promise has been to design, distribute and service the highest quality of strength training and cardiovascular systems available. Through Heartline’s direct sales network, the company distributes Heartline®, Life Fitness®, Star Trac®, and Paramount® products on the East Coast of the United States. Our clients include such high profile organizations as: IHG Hotels, Imperial Investments, Ltd., Lincoln Properties, Woodmont Properties, Paradigm Companies, Fairfax County, VA and Montgomery County, MD Governments, and The JBG Companies.

About David L. Townsend Company (TOWNSEND REPAIR)

Based in Smyrna, Delaware, Townsend Repair provides high-quality exercise repair and maintenance services for commercial fitness equipment in the northeast region of the U.S., including Delaware, Eastern Pennsylvania, Maryland, and New Jersey. Townsend Repair services such brands as: Cybex, Landice, Life Fitness Star Trac, and True Fitness.

—Heartline—® is a registered trademark of Heartline Fitness Products, Inc., t.a. Heartline Fitness Systems Heartline 8041 Cessna Avenue, Suite 200, Gaithersburg, Maryland, 20879, Phone: 301-921-0661, www.heartlinefitness.com, David L. Townsend Company, 1041 Clayton Greenspring Road, Smyrna, Delaware, 19977. Phone: 302-653-0900.