LOS ANGELES, Oct. 29, 2015 | PRNewswire — YogaWorks, the rapidly growing leader in yoga practice and fitness, today announced its fourth acquisition of 2015 with the purchase of seven Charm City Yoga studios in Baltimore, Maryland. This deal comes on the heels of YogaWorks’ acquisition of two studios in Boston last month, and seven studios in Northern California earlier this summer. The renowned yoga company’s accelerated growth is due partly to the rapid adoption of yoga across the country, coupled with the demand for consistently high-quality yoga in growing yoga cities like Baltimore. In fact, Forbes Magazine rated Baltimore as the 6th fastest growing yoga market in the United States. “The award-winning Charm City Yoga studios are an amazing addition to our family because they, like YogaWorks, feature terrific teachers committed to building a local community where students can experience the physical and mental benefits only yoga can provide,” said Phil Swain, Chief Executive Officer, YogaWorks. “From teens and young adults enjoying more rigorous classes to the restorative and relaxing pace of a gentle class, these Baltimore studios offer a wide variety of classes to meet the varied needs of the local yoga community.” “I am honored we had the opportunity to assist Kim and Chris in selling the terrific business that they worked so hard to build. For many years, the Baltimore area has benefitted from the high quality studios that Charm City Yoga operated. It’s great to know that with the current acquisition, these studios will be well managed in the future as well,” said Offit Kurman attorney Jon Wachs. Click here to read the full article
ABOUT JONATHAN WACHS
Jonathan Wachs provides strategic counseling and operational advice to clients in the areas of intellectual property, commercial transactions and outsourced legal departments. As head of the firm’s Intellectual Property Group, Mr. Wachs works closely with clients to develop, register, analyze, enforce, and transfer intellectual property assets in a customized, cost-efficient, and highly effective manner. Additionally, he conducts intellectual property audits through which clients learn the nature and value of their intellectual property assets and the steps needed to protect such assets from misappropriation or dilution. As a business lawyer, he has successfully negotiated and completed several multimillion dollar business transactions and has served as general counsel to several small and midsize businesses and organizations in various industries and professions.