Centre Partners‑Backed One World Fitness Acquires San Diego Fitness

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.

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.

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

December 6, 2023

Healthcare Services

Grand Fitness Partners, an HGGC-backed Planet Fitness franchisee, has acquired eight Planet Fitness locations in California's Central Valley from PCV Holding Co. LLC; the sellers rolled part of the proceeds into Grand Fitness and retain a minority stake. The acquisition expands Grand Fitness' California footprint (cities include Fresno, Modesto and Stockton) and is an add-on to support organic growth and new-club development.

American Securities Acquires United PF Partners

December 30, 2019

Healthcare Services

American Securities, a New York-based private equity firm, has acquired United PF Partners, the largest Planet Fitness franchisee, from Eagle Merchant Partners and JLM Financial Partners. United PF is headquartered in Austin, Texas and operates more than 160 clubs across 14 states serving over 1 million members; terms were not disclosed and the deal closed in late December 2019.

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.

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.