private-clubs
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Matthew Hobbins and the art of taking over without taking away
The Evergreen Partners founder buys private clubs built around other people’s lives. His work begins with a question that outlasts the closing: who will keep the community together?
The Bay Club Company
The Bay Club Company is a membership-based active lifestyle and hospitality company headquartered in San Francisco. Founded in 1977 with the nation's first co-ed fitness club, it now operates a growing collection of resort-inspired clubs organized into regional campuses across the West Coast - the Bay Area, Los Angeles, San Diego, and the Pacific Northwest. Built on four points of focus - fitness, sports, family, and hospitality - the company serves a community of 135,000-plus members with tennis, swimming, squash, golf, pickleball, group exercise, family programs, dining, and spa services. Backed by KKR, Bay Club is in an aggressive expansion phase, acquiring regional operators to scale toward 50-plus clubs and over 200,000 members.
Matthew Stevens
Matthew Stevens is the President and CEO of The Bay Club Company, a San Francisco-based sports and active lifestyle operator running resort-inspired campuses across the U.S. West Coast. Since 2008 he has scaled the business under three private equity owners (KSL, York, KKR), growing revenues, EBITDA and footprint by more than 250%, and steering the company past 135,000 members and 4,000 associates.