American Securities Acquires United PF Partners

United PF Partners Acquires 26 Planet Fitness Clubs from PF Arkansas, LLC

June 18, 2019

Healthcare Services

United PF Partners, the largest Planet Fitness franchisee, has acquired 26 Planet Fitness locations and certain development rights in Arkansas, Tennessee, Missouri, Mississippi and Illinois from PF Arkansas, LLC. The deal increases United PF's operating club count to 152 and supports the company's growth and footprint expansion; financing was jointly led by Jefferies and Fifth Third Bank.

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.

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.

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.

PF Atlantic (Monogram Capital Partners portfolio company) Acquires Falange Planet Fitness Franchisee System

April 15, 2019

Restaurants & Hospitality

PF Atlantic, a Planet Fitness franchisee and portfolio company of Monogram Capital Partners, acquired the Falange Planet Fitness franchisee system in New Jersey. Five Points Capital provided unitranche financing to support the transaction, which expands PF Atlantic’s geographic footprint in New Jersey and complements its existing 30-club platform.

National Fitness Partners Acquires 20+ Planet Fitness Clubs from Baker Group

September 13, 2024

Restaurants & Hospitality

National Fitness Partners, a portfolio company of Argonne Capital Group, acquired more than 20 Planet Fitness franchise clubs in Indiana, Ohio and Tennessee from the Baker Group. The deal increases National Fitness Partners' footprint to 172 clubs across 13 states; terms were not disclosed.