Freedom Boat Club acquired its Chicago franchise and territory from the current owner, the company announced in a statement.
The transaction includes three club locations in downtown Chicago and one in the city’s northwest suburbs, with plans to open new locations this year. Freedom Boat Club is a division of Brunswick Corp.
Freedom Boat Club entered the Chicago market in 2014, and membership at the locations has grown around 30 percent annually during the past four years.
“Chicago is the third largest city in the United States, and we believe there is tremendous opportunity to grow Freedom Boat Club in this market,” network president Cecil Cohn said. “With this acquisition, we will continue to accelerate Freedom’s growth in this market and advance our expansion into the upper Midwest.”
Freedom Boat Club of Chicago is the fifth corporate-owned territory, along with Southwest and Southeast Florida, Raleigh, N.C., and Charleston, S.C.