National Fitness Partners Acquires 16 Planet Fitness Clubs in Ohio and Pennsylvania
January 21, 2021
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.
- Buyers
- National Fitness Partners, Argonne Capital Group, Ares Management Corporation (Credit Group)
- Targets
- Planet Fitness clubs (16 locations)
- Sellers
- Two sellers (unnamed)
- Platforms
- National Fitness Partners
- Industry
- Restaurants & Hospitality
- Location
- Ohio, United States
- Transaction Type
- Addon
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