Town Sports International, the third largest fitness facility operator in the United States with New York Sports Clubs, Washington Sports Clubs and Boston Sports Clubs in the Middle-Atlantic and Northeast regions, registered for its initial public offering Wednesday evening. The New York, NY-based company generated $353 million in sales for its 2004 fiscal year and had an operating cash flow margin of 21.7%. CS First Boston, Deutsche Bank and Goldman Sachs will underwrite the deal. Timing and terms have yet to be disclosed.
