Grand Fitness Partners Acquires Eight Planet Fitness Clubs from PCV Holding Co.

HGGC-Backed Grand Fitness Partners Acquires 13 Planet Fitness Locations from Asbell Group

January 13, 2022

Consumer Products

Grand Fitness Partners, backed by private equity firm HGGC, acquired a portfolio of 13 Planet Fitness locations across Virginia from the Asbell Group. The acquisition expands Grand Fitness's footprint into Virginia and brings its club count to 57; financial terms were not disclosed.

HGGC Acquires Majority Stake in PF Atlantic Holdings (Rebranded Grand Fitness Partners)

November 18, 2021

Healthcare Services

HGGC completed a majority investment in PF Atlantic Holdings, which is rebranding as Grand Fitness Partners; co-founders David Bidwell and Scott Linsky will continue to lead the business and retain a significant minority stake alongside current investor Monogram Capital. Grand Fitness Partners, headquartered in Toms River, New Jersey, operates 42 Planet Fitness locations across Florida, California, New Jersey and Pennsylvania; financing for the transaction was provided by Carlyle’s Global Credit and Goldman Sachs Asset Management Private Credit.

CDM Fitness Holdings Acquires Seven Planet Fitness Clubs from Jeg Viper LLC

March 13, 2024

Restaurants & Hospitality

CDM Fitness Holdings, an SBJ Capital portfolio company, purchased seven Tacoma-area Planet Fitness clubs from Jeg Viper LLC, expanding its Pacific Northwest footprint. The deal adds nearly 162,000 square feet across seven locations and gives CDM rights to build and operate additional clubs in the Tacoma area as it reinvests in and upgrades the acquired facilities.

ECP-PF Holdings Group Acquires Seven Planet Fitness Clubs from Meridian Enterprises

March 7, 2019

Consumer Products

ECP-PF Holdings Group, Inc., a Planet Fitness franchisee backed by Exaltare Capital Partners, acquired seven Planet Fitness locations in the Knoxville and Chattanooga, Tennessee markets from Meridian Enterprises. The deal expands ECP-PF’s footprint in the Southeast and keeps the locations open and operational under the Planet Fitness brand.

National Fitness Partners Acquires 20+ Planet Fitness Clubs from Baker Group

September 13, 2024

Restaurants & Hospitality

National Fitness Partners, a portfolio company of Argonne Capital Group, acquired more than 20 Planet Fitness franchise clubs in Indiana, Ohio and Tennessee from the Baker Group. The deal increases National Fitness Partners' footprint to 172 clubs across 13 states; terms were not disclosed.

National Fitness Partners Acquires 16 Planet Fitness Clubs in Ohio and Pennsylvania

January 21, 2021

Restaurants & Hospitality

National Fitness Partners (NFP), a portfolio company of Argonne Capital Group, acquired 16 Planet Fitness club locations — 15 in the greater Cleveland and Akron-Canton, Ohio markets and one in central Pennsylvania. The deal was financed with junior capital from funds managed by the Credit Group of Ares Management and expands NFP's footprint to 94 Planet Fitness clubs with development rights across several states.