What is SPORTIME?
Headquartered in Kings Park, New York, SPORTIME operates as a multifaceted provider of athletic infrastructure, managing an extensive portfolio of indoor and outdoor tennis courts, fitness clubs, and specialized sports arenas. The company distinguishes itself through a dual-focus model that combines high-quality physical environments with structured instructional programs, catering to a diverse membership base. By integrating professional-grade facilities with community-centric coaching, SPORTIME has established a defensible market position that bridges the gap between recreational fitness and competitive athletic training. Their operational strategy emphasizes high-utilization assets, ensuring consistent engagement across their various locations.
How much funding has SPORTIME raised?
SPORTIME has raised a total of $146M across 2 funding rounds:
Debt
$2M
Debt
$144M
Debt (2020): $2M with participation from PPP
Debt (2025): $144M led by Comvest Partners
Key Investors in SPORTIME
Comvest Partners
A private investment firm established in 2000 that specializes in providing flexible equity and debt solutions to middle-market companies across various sectors.
PPP
Public-Private Partnership
What's next for SPORTIME?
With the recent capital deployment, SPORTIME is expected to prioritize the modernization of its existing facility network and the potential acquisition of new sites to broaden its geographic reach. The strategic focus will likely shift toward enhancing member retention through digital integration and facility upgrades, ensuring that their infrastructure remains at the forefront of the fitness industry. Furthermore, the company is well-positioned to leverage its current scale to optimize operational efficiencies, potentially exploring new revenue streams through expanded tournament hosting and advanced training partnerships. As the firm navigates this growth phase, the emphasis will remain on balancing capital expenditure with the delivery of high-value member experiences.
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