Leonard Schlemm

Leonard Schlemm General Information

Description

Mr. Leonard Schlemm is an Angel Investor. Mr. Schlemm grew up in Montreal and received his B.Comm. and C.A. from McGill University. He went on to an M.B.A. from Harvard University, relocated to San Francisco where he worked for the prestigious McKinsey & Co. as a strategy consultant, and then became CFO of a computer company. Mr. Schlemm co-founded 24 Hour Fitness in San Francisco in the early 1980s. Today, 24 Hour Fitness is the world's largest privately owned and operated fitness centre chain with over three-and-a-half million members, generating annual revenues of more than $1.3 billion with a network of over 400 clubs across the United States and Asia. In July 2005, Forstmann Little & Co., the iconic private investment firm based in New York City, bought a majority stake in 24 Hour Fitness for $1.6 billion. It was a record-setting deal -- the largest transaction in the global health club industry. Mr. Schlemm also is a co-founder and partner in twenty fitness centres in Canada including the Steve Nash Sports Club chain in Vancouver, and the three Mansfield Athletic clubs and The Atwater Club in Montreal.