Sixth Street Makes Strategic Growth Investment in CR Fitness Holdings

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.

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 Growth Invests $50M in DrFirst

May 12, 2021

Healthcare Services

Sixth Street Growth provided a $50 million follow-on equity investment in digital health company DrFirst, bringing total investments in DrFirst during 2020–21 to $135 million (including prior investments from Sixth Street and Goldman Sachs Growth). Sixth Street Growth has joined DrFirst's board and the capital will support continued product development, commercial expansion and growth initiatives.

Sixth Street Acquires Minority Stake in San Francisco Giants

March 18, 2025

Media & Entertainment

The San Francisco Giants announced a strategic partnership in which global investment firm Sixth Street has made a significant minority equity investment—reported at approximately a 10% stake—into the franchise. The capital will support investments in the team and Oracle Park experience, while advisors to the deal included Raine Group and PJT Partners for the Giants and Sixth Street, respectively.

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.