|PRINCIPAL, PRESIDENT & CEO (Cambridge Group of Clubs)
GENERAL MANAGER (Cambridge Club)
Clive Caldwell is one of the most respected players in the Canadian Health Club Industry. As President and CEO of the Cambridge Group of Clubs, he has developed a highly successful company that continues to improve and flourish after over 30 years.
A former professional squash player, Clive captured over 35 singles and doubles events over a 20 year career on the World Professional Squash Association (WPSA) Tour including winning the 1980 and 1982 World Professional Singles Hardball Championships. During his playing career he was also the President of the Canadian Professional Squash Association and the World Professional Squash Association and is credited with developing the WPSA into the most significant professional squash tour of its time.
Clive began his professional career in the health club business as the Squash Professional of the exclusive Cambridge Club at the age of 21. In 1984, as a result of a break-up in the Cambridge Club partnership (of which he was a minority share-holder), Clive left the Cambridge to purchase the Adelaide Club and turned it into one of the most successful fitness clubs in the country.
By 1991, the Cambridge Club was in financial trouble when Clive and Cambridge Club equity partner, the late Jack Lawrence (founder of Burns Fry) bought the Club and quickly went to work to bring the Club back to financial health. Bill MacDonell (former owner of the Squash Academy) was bought in as a partner for his sales expertise and the Club's membership was quickly restored.
In the late 1990s, the Cambridge Club took on another Club in trouble; the storied Club MAA in Montreal. Founded in the late 1800s, the MAA has played a huge part in the history of Canadian Sport (having captured the first Stanley Cup and Grey Cup) but by 1998 it was facing potential bankruptcy. Clive was convinced it could be turned around and led the Cambridge Group of Clubs into a partnership with a select group of MAA members interested in keeping the Club alive. The Cambridge Group of Clubs became a 50% shareholder of the MAA along with a 20 year management contract to run the business. Within 10 years, the MAA has gone from a 300 member club in financial straits to a 3000 member club that has regained its stature and notoriety in the Montreal community.
In 1999, Clive was approached by the H.J. Heinz Group to purchase the successful Fitness Institute (which had three locations). The Cambridge Group of Clubs purchased the three clubs and ran them until 2005 at which time they sold the Willowdale and Mississauga locations while wisely retaining the downtown location atop one of Toronto's TD towers. The downtown Fitness Institute was renamed the Toronto Athletic Club in 2006 and is considered to be the one of the most incredible locations for a fitness club in the country.
Over the past few years, the Cambridge Group of Clubs has spent over $6M to improve the four clubs and is positioning itself to grow more aggressively. The four club collection is unique in the Canadian Fitness Club landscape; high-end, affordable, luxury clubs serving the elite of the business community and that is what Clive Caldwell is most proud of.