HGGC Acquires Majority Stake in PF Atlantic Holdings (Rebranded Grand Fitness Partners)
November 18, 2021
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.
- Buyers
- HGGC
- Targets
- Grand Fitness Partners (formerly PF Atlantic Holdings)
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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