Meaningful Partners Acquires Fitness Ventures (Crunch Fitness franchisee)
August 1, 2024
Meaningful Partners, a Los Angeles- and Austin-based private investment firm, has closed its acquisition of Fitness Ventures, LLC, the second-largest Crunch Fitness franchisee that operates 47 locations across 25 states. The investment (debt financed by Ares Management’s Credit Group) will support Fitness Ventures’ de novo and M&A growth strategy to scale its multi-location Crunch Fitness operations.
- Buyers
- Meaningful Partners, LLC
- Targets
- Fitness Ventures, LLC
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Transaction Type
- Buyout
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