Rainier Partners Acquires Omega Fitness (Anytime Fitness Franchisee)

Rainier-Backed Omega Fitness Acquires 21 MDS Fitness Anytime Fitness Gyms in Wisconsin

September 25, 2024

Healthcare Services

Rainier Partners' portfolio company Omega Fitness has acquired 21 Anytime Fitness gyms in Wisconsin from MDS Fitness, expanding Omega's footprint and strengthening geographic density in the state. The deal increases Omega's position as one of the largest Anytime Fitness franchisees (now operating 120+ gyms) and is an add-on to the Rainier-backed platform focused on rapid roll-up growth.

Franchisee Jerry Pugh Acquires Workout Anytime with Minority PE Backing

April 18, 2025

Restaurants & Hospitality

Jerry Pugh, the largest Workout Anytime franchisee, acquired a majority stake in the 200-unit Workout Anytime brand from founders Steve Strickland and John Quattrocchi and became CEO. The deal was financed with minority investments from private equity firms Skyline Global Partners and Peninsula Capital Partners, plus minority stakes held by Peter Stipher (Private Capital Advisors) and Workout Anytime EVP Randy Trotter; Strickland retained a minority interest and will help with the transition.

Sentinel Capital Partners Acquires Bandon Holdings

July 28, 2022

Consumer Products

Sentinel Capital Partners, a New York-based private equity firm, has acquired Bandon Holdings, the largest Anytime Fitness franchisee headquartered in Austin, Texas, which operates 213 clubs across 24 states. The deal will provide capital and franchising expertise to scale Bandon's development and acquisition strategy within the Anytime Fitness system; terms were not disclosed.

Centre Partners Acquires Majority Stake in One World Fitness

March 29, 2019

Healthcare Services

Centre Partners has acquired a majority interest in One World Fitness, a Planet Fitness franchisee that owns and operates 18 clubs primarily in the Philadelphia and New Jersey markets. Founder Bill Fidler and key management invested alongside Centre; financial terms were not disclosed. Centre plans to accelerate growth and club development from the company's Windham, New Hampshire headquarters, where One World Fitness employs over 250 club and support staff.

Olympus Partners Acquires Excel Fitness Holdings (Planet Fitness Franchisee)

April 29, 2022

Restaurants & Hospitality

Stamford-based private equity firm Olympus Partners has acquired Excel Fitness Holdings, a leading Planet Fitness franchisee headquartered in Austin, Texas. Excel operates over 90 Planet Fitness locations across several U.S. markets (serving ~750,000 members) and the deal represents a PE buyout from prior sponsor Altamont Capital Partners to support further club development and geographic expansion.

Easy Mile Fitness Acquires 17 Planet Fitness Clubs From Bravo Fit Franchise Group

September 25, 2025

Consumer Products

Easy Mile Fitness, a privately held Planet Fitness franchisee based in Boston, acquired 15 Planet Fitness locations in Oregon and two in Alaska (17 clubs total) from Bravo Fit Franchise Group. The deal expands Easy Mile's footprint in the Pacific Northwest—making it the largest Planet Fitness operator in Oregon—and was financed by Fifth Third Bank with advisors supporting both sides.