Planet Fitness Acquires Sunshine Fitness (114 Clubs)
January 11, 2022
Planet Fitness, Inc. agreed to acquire Sunshine Fitness Growth Holdings, LLC — a Planet Fitness franchisee operating 114 clubs in the Southeast U.S. — in a cash-and-stock transaction valued at $800 million, funded in part by a new securitization and available cash. The locations (in AL, FL, GA, NC and SC) were folded into Planet Fitness' company-owned portfolio, and Sunshine co-founder Shane McGuiness joined Planet Fitness to oversee the combined corporate club operations; the deal closed in February 2022.
- Buyers
- Planet Fitness, Inc.
- Targets
- Sunshine Fitness Growth Holdings, LLC
- Sellers
- Sunshine Fitness Growth Holdings, LLC, TSG Consumer Partners, LP
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Transaction Type
- Buyout
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