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

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.

Taymax Group Holdings Acquires Southfit Planet Fitness Franchisee Group

September 12, 2019

Healthcare Services

Trilantic-backed Taymax Group Holdings, LP acquired the Planet Fitness franchisee group operating as Southfit (Southfit Holdings, PF Jax Three and PF Jax Four), adding 14 clubs, ~230 employees and ~75,000 members in the Jacksonville, Florida and southeastern Georgia region. The deal expands Taymax's platform to approximately 90 clubs and continues the company’s rollout strategy supported by prior strategic investment from Trilantic North America.

American Securities Acquires United PF Partners

December 30, 2019

Healthcare Services

American Securities, a New York-based private equity firm, has acquired United PF Partners, the largest Planet Fitness franchisee, from Eagle Merchant Partners and JLM Financial Partners. United PF is headquartered in Austin, Texas and operates more than 160 clubs across 14 states serving over 1 million members; terms were not disclosed and the deal closed in late December 2019.

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.

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.

ECP-PF Holdings Group Acquires Four Planet Fitness Locations in Eastern Connecticut

March 27, 2019

Restaurants & Hospitality

ECP-PF Holdings Group, Inc., a Planet Fitness franchisee owned by Exaltare Capital Partners, acquired four Planet Fitness franchise locations in Branford, East Haven, Guilford and Hamden, Connecticut from franchisees Jerry Mastrangelo and Michael Katz Sr. and Jr. The deal expands ECP-PF's footprint to 98 locations and was the company's third acquisition in 2019.