Trive Capital and 808 Capital Invest in Crunch Canada Holdings

Trive Capital and 808 Capital Invest in JF Fitness; JF Fitness Acquires Team Roldan

June 21, 2024

Healthcare Services

Dallas-based private equity firm Trive Capital and independent sponsor 808 Capital Partners have made an investment in JF Fitness of North America, a Crunch Fitness franchisee headquartered in Richmond, Virginia. In connection with the investment, JF Fitness acquired Team Roldan, adding eight gyms and bringing the combined chain to 24 locations; the capital will support further club openings and selective acquisitions in the Southeastern U.S.

Fitness Ventures Acquires Three Crunch Fitness Locations in Portland

August 1, 2025

Restaurants & Hospitality

Fitness Ventures LLC has acquired three existing Crunch Fitness locations in Portland, Oregon and plans a $75 million investment to build 15 new Crunch 3.0 locations across the market over the next several years. The deal is part of Fitness Ventures' broader expansion strategy to upgrade or relocate smaller-format clubs into larger Crunch 3.0 facilities and grow its footprint in the region.

Trive Capital Invests in Formula Wellness

March 18, 2024

Healthcare Services

Dallas-based private equity firm Trive Capital has made a growth investment in Formula Wellness, a medical-based wellness and med-spa operator focused on longevity, hormone balance, nutrition and aesthetics. The investment brings on a PE-backed management team to accelerate Formula Wellness's de novo expansion and add-on acquisition strategy across the DFW metroplex and beyond.

Trive Capital and Crux Capital Take Minority Stake in HTeaO

January 10, 2023

Restaurants & Hospitality

Dallas-based private equity firms Trive Capital and Crux Capital acquired a minority stake in HTeaO, the Fort Worth–headquartered drive-thru iced tea franchisor. The investment will support geographic expansion, speed unit growth (HTeaO has 68 operating locations and 426+ franchise licenses awarded), and add board representation for Trive and Crux to accelerate franchising and technology initiatives.

Leonard Green & Partners Acquires Majority Interest in Crunch Fitness from TPG Growth

April 15, 2025

Retail

Leonard Green & Partners has agreed to acquire a majority interest in Crunch Holdings, LLC (Crunch Fitness) from TPG Growth and Crunch's minority shareholders. The investment will support Crunch's continued domestic and international expansion of its franchise and corporate gym footprint—Crunch operates over 500 gyms and serves more than three million members worldwide.

Primetime Fitness Acquires 10 Crunch Fitness Gyms from Fitness Gurus

June 17, 2024

Healthcare Services

Primetime Fitness, a Crunch Fitness franchisee, has acquired 10 Crunch Fitness gyms across Tennessee, Ohio, and Kentucky from Fitness Gurus. The deal was completed in partnership with investor CapitalSpring and increases Primetime's portfolio to 19 gyms, supporting geographic expansion and scale within the Crunch Fitness system.