North Castle Partners Invests in CR Fitness (Crunch Fitness Franchisee)

North Castle Partners Continuation Fund (led by TPG) Acquires CR Fitness

October 12, 2022

Healthcare Services

A North Castle Partners–managed single-asset continuation fund, led by TPG GP Solutions with co-lead Montana Capital Partners and reinvesting LPs/GPs, acquired CR Fitness from North Castle Partners VII, LP and other existing investors. The deal preserves North Castle's ownership via the new vehicle and provides additional capital to support CR Fitness' organic growth and club expansion across the U.S.

Sixth Street Makes Strategic Growth Investment in CR Fitness Holdings

October 23, 2025

Healthcare Services

Sixth Street has made a strategic growth investment in CR Fitness Holdings, the largest Crunch Fitness franchisee, to support aggressive club expansion and member-experience initiatives. North Castle Partners remains the largest shareholder and Golub Capital provided a new senior debt facility to support the transaction.

Fitness Holdings Northeast Acquires Crunch York

April 29, 2019

Healthcare Services

Fitness Holdings Northeast, a leading Crunch Fitness franchise operator based in Greenwich, Connecticut, has acquired Crunch York, a Crunch Fitness club in southern Pennsylvania. The buyer also formed a strategic development relationship with CAS Management (led by Chad Smith) to develop an additional 4-5 clubs as Fitness Holdings expands its Northeast footprint.

CR Fitness Holdings Acquires Two New York Sports Club Locations in Fort Myers

August 2, 2024

Healthcare Services

CR Fitness Holdings, the largest Crunch Fitness franchisee, acquired two New York Sports Club locations in Fort Myers, Florida and will rebrand them as Crunch Six Mile and Crunch Boy Scout. The clubs (34,527 sq ft and 44,008 sq ft) will be renovated and integrated into CR Fitness' growing multi-state footprint, creating new jobs and expanding the company's presence in the region.

CR Fitness Holdings Acquires Nine 24 Hour Fitness Gyms in Florida

April 15, 2025

Healthcare Services

CR Fitness Holdings, the largest franchisee of Crunch Fitness, acquired nine 24 Hour Fitness gyms across the Miami and Orlando regions and will convert them into Crunch Fitness 3.0 modern-design locations. The acquisition expands CR Fitness's Florida footprint to more than 60 locations and the company plans to invest millions to renovate facilities and enhance member amenities.

Fitness Holdings Northeast Acquires Crunch Fitness Norwalk

January 10, 2022

Restaurants & Hospitality

Fitness Holdings Northeast, a leading Crunch Fitness franchise group, acquired Crunch Fitness Norwalk in January 2022. The acquisition brings Fitness Holdings' total club count to 28 (over 110,000 members) and advances the group's strategic plan to reach 50 clubs through add-ons and new-site development.