Leonard Green & Partners Acquires Majority Interest in Crunch Fitness from TPG Growth
April 15, 2025
Leonard Green & Partners has agreed to acquire a majority interest in Crunch Holdings, LLC (Crunch Fitness) from TPG Growth and Crunch's minority shareholders. The investment will support Crunch's continued domestic and international expansion of its franchise and corporate gym footprint—Crunch operates over 500 gyms and serves more than three million members worldwide.
- Buyers
- Leonard Green & Partners
- Targets
- Crunch Holdings, LLC (Crunch Fitness)
- Sellers
- TPG Growth, Crunch's minority shareholders
- Industry
- Retail
- Location
- New York, United States
- Transaction Type
- Buyout
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