Xponential Fitness

The first Equinox location opened on September 23, 1991 in Manhattan's Upper West Side. It was started by the Errico family. In 2000, Spevak led a management buyout of Equinox to two private equity firms, North Castle Partners and J.W. Childs. In 2006, he partnered with Related Chairman principals to acquire a controlling interest in Equinox and secured a significant minority investment from private equity firm L Catterton in 2017.In 2008, Equinox brought Pure Yoga to the United States from Hong Kong, which it operates separately. In 2011, Equinox launched Blink, a separate fitness company with a value-driven membership model and acquired SoulCycle. In January 2018, Equinox made a minority stake investment in Rumble Boxing. In July 2019, Equinox launched Equinox Hotels in Hudson Yards, Manhattan.

Employment practices controversy

A 2019 article in The New York Times reported that trainers often worked long hours, sometimes as many as 80 a week, forcing some to sleep in employee locker rooms or their cars between shifts. Former and current trainers also described intense pressure from the company to recruit and retain clients drawn from the club's members.The company settled out of court two lawsuits in California in 2013, both related to unpaid overtime for trainers.