Fountain Valley Fitness Center to Be Acquired

Sports Club Co. of Los Angeles said Thursday it signed a letter of intent to acquire the Los Caballeros Racquet & Sports Club, a Fountain Valley fitness and racquet club. Terms weren’t disclosed.

Sports Club, which operates upscale health and fitness clubs, said it expects the acquisition to be finalized by Jan.31.

Los Caballeros Racquet & Sports Club had $3.4 million in revenue in its last fiscal year. Sports Club had 1996 sales of $37.4 million.