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Health and Fitness Club Industry News: Chains

Monday, May 23rd, 2022

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Genesis Health Clubs Acquires Two VASA Fitness Locations
Posted: May 9, 2022 in Chains

Genesis Health ClubsWICHITA, KS - Genesis Health Clubs has announced the purchase of both Wichita-area VASA Fitness locations. The move is the latest in a dramatic strengthening of the company’s footprint in and around its home base and corporate headquarters in Wichita after years of expansion in the surrounding cities and states. Read More...

Olympus Acquires Planet Fitness Franchisee, Excel Fitness’ 90 Locations Serving 750,000 Members
Posted: April 29, 2022 in Chains

Planet FitnessSTAMFORD, CT - Stamford, Connecticut-based private equity firm, Olympus Partners, has acquired Excel Fitness Holdings, LLC ("Excel"), a Planet Fitness franchisee serving six markets including Austin, Dallas Ft-Worth, Northwest Arkansas, Raleigh-Durham, Tulsa and Virginia. Excel Fitness is headquartered in Austin, Texas and operates over 90 Planet Fitness locations serving nearly 750,000 members at the time of acquisition. Read More...

Fitness Holdings LLC Announces Newest Crunch Acquisitions in Moorestown and Somerset, New Jersey
Posted: April 27, 2022 in Chains

Crunch FranchiseMOORESTOWN and SOMERSET, N.J. - Fitness Holdings LLC has announced their acquisition of Crunch Moorestown and Crunch Somerset. Crunch Moorestown and Crunch Somerset are both spacious 25,000-square-foot fitness facilities in New Jersey, with state-of-the-art equipment and amenities. Both locations are owned by fitness industry veteran Mark Federico, Chief Executive Officer for Fitness Holdings Northeast, LLC. The acquisition of these two clubs is part of a larger plan to grow to 50 clubs in two years. Read More...

VillaSport Announces Acquisition of Axiom Fitness
Posted: April 4, 2022 in Chains

VillaSportSAN RAFAEL, CA - VillaSport Athletic Club and Spa announces the acquisition of Axiom Fitness, a four-club fitness chain in Boise, Idaho. VillaSport has initiated a major expansion effort and continues to seek new locations in the greater Boise area and in its existing markets. The Axiom acquisition with VillaSport’s current portfolio of seven locations brings the total to 11 clubs across five states. Read More...

HGGC-Backed Grand Fitness Partners Grows with Acquisition of 13 Additional Planet Fitness Locations
Posted: January 13, 2022 in Chains

Planet FitnessTOMS RIVER, N.J. - Grand Fitness Partners, one of the largest franchisees within the Planet Fitness system, announces that it has acquired a portfolio of 13 Planet Fitness locations across Virginia from the Asbell Group. The acquisition follows an investment in Grand Fitness by HGGC, a leading middle market private equity firm, in November 2021. Financial terms of the transaction were not disclosed. Read More...

Planet Fitness, Inc. to Acquire 114 Locations From One of its Top Franchisees, Sunshine Fitness Growth Holdings, LLC.
Posted: January 11, 2022 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced it has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness"), a leading owner and operator of more than 100 Planet Fitness clubs in the Southeast United States in a cash and stock transaction valued at $800 million. Read More...

Fitness Holdings Northeast Acquires Crunch Norwalk
Posted: January 10, 2022 in Chains

Crunch FitnessGREENWICH, CT - Fitness Holdings Northeast, LLC ("Fitness Holdings"), one of the leading franchise groups in the Crunch Fitness network, recently announced its acquisition of Crunch Fitness Norwalk in Connecticut. The acquisition has closed, bringing the Fitness Holdings total club count to 28 with over 110,000 members. Read More...

Genesis Health Clubs Acquires Key Downtown Clubs in St. Louis and Kansas City, Sets Stage for Future Growth
Posted: December 29, 2021 in Chains

Genesis Health ClubsWICHITA, KS - Genesis Health Clubs has continued its trend of growth, acquiring One Life Fitness locations in Kansas City and St Louis, as well as new club opportunities in Prairie Village and Kansas City’s Northlands. The move adds key locations, securing trendy downtown anchors in Kansas City’s Power and Light District and St. Louis’ Ballpark Village, setting the stage for future growth. Genesis Health Clubs currently operates 56 locations across six states, including more than 20 in the greater Kansas City area. Read More...

ClubCorp Partners with RXR to Operate and Manage Historic Engineers Country Club
Posted: December 29, 2021 in Chains

ClubCorp - The World Leader In Private ClubsROSLYN HARBOR, N.Y. - Officials with ClubCorp and RXR announced a unique partnership in which ClubCorp, a leading operator of golf and country clubs throughout North America, will handle the day-to-day operations of the historic Engineers Country Club, as RXR advances the construction of 92 residential condominiums on 18-acres, while showcasing this legendary club as the centerpiece of this planned community. This new partnership signals the beginning of RXR’s and ClubCorp’s expanded relationship that could potentially include other similar opportunities. Read More...

Level 5 Capital Partners Acquires 112 Owned or Sub-Franchised Orangetheory Fitness Studios Across Michigan, Illinois, Utah and Missouri
Posted: December 10, 2021 in Chains

Orangetheory FitnessATLANTA, GA - Level 5 Capital Partners ("Level 5" or "L5"), a leading consumer private equity firm, announced that its franchisee platform, L5 Fitness, has acquired a collection of 112 owned and sub-franchised Orangetheory Fitness studios. This acquisition marks an expansion and strengthening of the L5 Fitness platform in Michigan, Illinois, Utah and Missouri. Read More...

HGGC Completes Majority Investment in Planet Fitness Franchise Group PF Atlantic Holdings
Posted: November 18, 2021 in Chains

Planet FitnessPALO ALTO, CA - HGGC, a leading middle market private equity firm, announced it has completed a majority investment in PF Atlantic Holdings, a top-15 franchisee within the Planet Fitness health club system. In conjunction with the investment, PF Atlantic Holdings is rebranding as Grand Fitness Partners. Co-founders CEO, David Bidwell, and COO, Scott Linsky, will continue to lead the business and retain a significant minority stake in the business alongside current investor Monogram Capital. Details of the private transaction were not disclosed. Read More...

Brightwood Capital Advisors Anchors Senior Secured Term Loan to Finance Acquisition of Longtime Portfolio Company ECP-PF Holdings Group
Posted: November 1, 2021 in Chains

Planet FitnessNEW YORK, N.Y. - Brightwood Capital Advisors, a leading private credit firm focused on providing capital to growing North American middle-market businesses, announced that it supported the sale of portfolio company ECP-PF Holdings Group, one of the nation's largest Planet Fitness franchisees, to TowerBrook Capital Partners, an international investment management firm. ECP-PF has been a portfolio company of Brightwood since 2012 and has executed several transactions to support the company's growth from a founder-owned, 15-location startup to a 108-location leader in the fitness franchisee sector serving approximately 600,000 members in the United States and Canada. Read More...

ClubCorp Acquires National Golf Club of Kansas City and “the Deuce”
Posted: October 21, 2021 in Chains

ClubCorp - The World Leader In Private ClubsKANSAS CITY, MO - ClubCorp officials announced it has acquired and will now own and operate the National Golf Club of Kansas City and the adjacent club, "the Deuce," building on the traditions established by the Illig and Patterson families while bringing ClubCorp’s unique ClubLife lifestyle experiences to the members both on and off the National Club’s legendary fairways. Read More...

Empire Portfolio Group Acquires 11 Orangetheory Fitness Studios Plus Area Development Rights in Northern Virginia and Washington, D.C.
Posted: September 21, 2021 in Chains

Orangetheory FitnessNEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart rate-based interval training fitness franchise, announced it has acquired eleven studios and the area development rights in Northern Virginia and Washington, D.C. The sellers include Alan Luchnick and Steve Kolakowski. This transaction marks Empire's fourth acquisition since partnering with Revelstoke Capital Partners ("Revelstoke") in December 2020 and strengthens Empire's position on the East Coast, which now includes a total of over 120 studios across nine states and Washington, D.C. Read More...

Empire Portfolio Group Acquires 10 Orangetheory Fitness Studios Plus Area Development Rights in Charlotte, North Carolina and Regions of South Carolina
Posted: September 1, 2021 in Chains

Orangetheory FitnessNEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired ten studios and the area development rights in Charlotte, including parts of North Carolina and South Carolina. The sellers include Jay Thomas and Doug Birer. Read More...

Empire Portfolio Group, an Orangetheory Fitness Area Developer and Franchisee, Acquires Eight Studios in and the Area Development Rights to Maine, Vermont and New Hampshire
Posted: July 21, 2021 in Chains

Orangetheory FitnessNEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired eight studios in Maine, Vermont and New Hampshire, along with the area development rights for those regions. This is Empire's second major acquisition this month, following its investment in four Connecticut studios earlier in July. With these acquisitions, Empire strengthens its ties to the New England and Mid-Atlantic regions with a total of more than 60 studios in Connecticut, New Jersey, New York, Maine, Vermont and New Hampshire. Read More...

Orangetheory Fitness Franchisee and Developer, Empire Portfolio Group, Acquires Four Studios in Connecticut
Posted: July 13, 2021 in Chains

Orangetheory FitnessNEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired four studios in Fairfield, Norwalk, Westport and Shelton, CT. With these Connecticut acquisitions, Empire strengthens its ties in the tri-state region with a total of more than 40 studios in Connecticut, New Jersey and New York. Read More...

Honors Holdings Bolsters Portfolio with Acquisition of 24 Orangetheory Fitness Studios
Posted: May 12, 2021 in Chains

Orangetheory FitnessATLANTA, GA - Atlanta-based Honors Holdings, LLC (Honors), the world's largest franchisee of Orangetheory Fitness studios has acquired 24 studios across six states, including operations in Las Vegas, New York City and the Washington, D.C. metro area. With these acquisitions, Honors now owns and operates 102 studios in Georgia, Kansas, Massachusetts, Nevada, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia and Washington state. Read More...

Planet Fitness Franchisee National Fitness Partners Grows Footprint, Acquires 16 Clubs in Ohio and Pennsylvania
Posted: January 27, 2021 in Chains

Planet FitnessCAMP HILL, PA, CHARLOTTE, N.C. and ATLANTA, GA - Planet Fitness franchisee National Fitness Partners (“NFP” or the “company”) has announced the acquisition of 16 Planet Fitness clubs, including 15 locations in the greater Cleveland and Akron-Canton, Ohio markets and one location in central Pennsylvania from two different sellers (the “transaction”). The transaction, which was financed with junior capital from funds managed by the Credit Group of Ares Management Corporation (“Ares”), strategically expands NFP’s growing footprint, which now includes 94 Planet Fitness clubs with exclusive rights to develop 40 plus additional clubs in Pennsylvania, Ohio, Delaware, North Carolina and South Carolina. Read More...

Genesis Health Clubs Acquires all Seven Locations of The Athletic Clubs
Posted: July 17, 2020 in Chains

Genesis Health ClubsWICHITA, KS - Fresh off its recent expansion in Des Moines, Iowa, Genesis Health Clubs announced the acquisition of all seven locations of The Athletic Clubs, formerly known as Prairie Life Fitness, across three states. Members of the former Athletic Club locations will gain immediate access to over 50 locations across six states, and Genesis members will gain access to the new clubs immediately. Read More...

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