Health and Fitness Club Industry News: Chains
Wednesday, July 29th, 2026
Planet Fitness, Inc. Announces Accelerated Share Repurchase Program
Posted: November 14, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), announced that it has entered into a $300 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. ("Citibank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on August 9, 2018 (the "Share Repurchase Authorization"). As of November 12, 2018, before giving effect to the ASR Agreement, approximately $458 million remained available for share repurchases pursuant to the Share Repurchase Authorization. Read More...
Planet Fitness Partners With PACER’s National Bullying Prevention Center To Spread Kindness And Address Bullying As Part Of Judgement Free Generation Initiative
Posted: October 11, 2018 in Chains
HAMPTON, N.H. - As part of its continued commitment to preventing bullying and promoting kindness among today's youth, Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., has teamed up with PACER's National Bullying Prevention Center, the nation's leading nonprofit bullying prevention organization, to introduce "Bullying Prevention 101" and help schools build environments defined by kindness, acceptance and inclusion. This new, free-to-download educational resource is designed to equip teachers, counselors and other educators with tools to empower students to prevent bullying and stand up for kindness during National Bullying Prevention Month (October) and beyond. Read More...
United PF Partners Acquires Arizona Planet Fitness Club Group
Posted: September 5, 2018 in Chains
AUSTIN, TX - United PF Partners (United PF), the largest Planet Fitness (NYSE :PLNT) franchisee, has acquired 19 Planet Fitness locations in the Phoenix market from JEG-FIT, increasing its operating club count to 108 clubs across 10 states. United PF was formed by JLM Financial Partners (JLM) and Eagle Merchant Partners (Eagle) in November 2016 with the merger of several leading Planet Fitness franchisees. In addition to acquiring the operating clubs from JEG-FIT and the remaining development rights to the Phoenix market, the investment from United PF will provide capital to fuel club-level improvements and growth through the development of new clubs in this market. Read More...
Planet Fitness, Inc. Announces Second Quarter 2018 Results
Posted: August 9, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE : PLNT) reported financial results for its second quarter ended June 30, 2018: Total revenue increased from the prior year period by 31.0% to $140.6 million. System-wide same store sales increased 10.2%. Net income attributable to Planet Fitness, Inc. was $25.9 million, or $0.29 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $12.4 million, or $0.16 per diluted share in the prior year period. Net income was $30.4 million, compared to net income of $18.0 million in the prior year period. Adjusted net income increased 53.3% to $33.2 million, or $0.34 per diluted share, compared to $21.7 million, or $0.22 per diluted share in the prior year period. Adjusted EBITDA increased 21.8% to $58.4 million from $47.9 million in the prior year period. 44 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,608 as of June 30, 2018. Read More...
Planet Fitness Completes Refinancing Transaction; Appoints Roger Chacko Chief Commercial Officer
Posted: August 1, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) (together with its subsidiaries, the "Company") announced that it has completed its previously announced refinancing transaction of certain of its subsidiaries with a new securitized financing facility, with the placement by its special purpose subsidiary (the "Master Issuer") of a new series of $1.275 billion of securitized notes (the "2018 Notes"). Planet Fitness also announced that Roger Chacko has been appointed Chief Commercial Officer effective immediately. In this newly created position, Chacko will be responsible for overseeing the Company's demand generation functions such as marketing, branding, public relations and communications, sales and corporate partnerships, channel management, corporate strategy, analytics, and consumer research. He will report directly to Chris Rondeau, Chief Executive Officer of Planet Fitness. Read More...
Planet Fitness Prices $1.2 Billion Securitized Financing Facility
Posted: July 19, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announced that it has priced $1.2 billion of Series 2018-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches. The 2018 Notes are expected to be issued by Planet Fitness Master Issuer LLC (the "Master Issuer"), a newly-formed, limited-purpose, bankruptcy remote, indirect subsidiary of Planet Fitness, Inc. in a privately placed securitization transaction. The aggregate principal amount represents an upsize from the previously announced proposed issuance of $1.15 billion. Read More...
Planet Fitness, Inc. Announces Refinancing Transaction
Posted: July 9, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) (together with its subsidiaries, the "Company") announced that certain of its subsidiaries intend to complete a refinancing of their existing senior secured credit facilities with a new securitized financing facility. As of March 31, 2018, the Company had an outstanding principal amount of term loans under its senior secured credit facilities of approximately $707.7 million. The Company intends to replace the senior secured credit facilities with a new $1.225 billion securitized financing facility, expected to be comprised of $1.15 billion of senior fixed-rate term notes (the "2018 Notes") and $75 million of variable funding notes (collectively, the "Notes"). Read More...
Planet Fitness National Scholarship Awards $75,000 to 15 Boys & Girls Club Youth For Their Commitment to Kindness and Inclusion
Posted: June 27, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced it has awarded 15 youth from Boys & Girls Clubs across the country with $5,000 individual scholarships. Unlike most scholarships, which reward youth for academics or athletic abilities, these were awarded based on each teen’s inspiring efforts to create a kinder world for today’s youth as part of the company’s Judgement Free Generation philanthropic initiative, which aims to prevent bullying and promote kindness everywhere. Ceremonies honoring the scholarship recipients were held at local Boys & Girls Clubs. Read More...
Planet Fitness Appoints Ray Miolla as Chief Development Officer
Posted: June 12, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the appointment of Ray Miolla as Chief Development Officer. Mr. Miolla will be responsible for driving strategic initiatives to fuel Planet Fitness' overall system-wide growth, overseeing market analysis, planning and development, real estate, construction and design, and franchise sales. Mr. Miolla joins Planet Fitness with over 20 years of real estate and development experience in domestic and international franchising from global brands like Gap, Burger King and Jamba Juice. Read More...
Atlantic Street Capital-Backed PLNTF Holdings Broadens Footprint with Acquisition of Clubs in Alabama and Virginia
Posted: May 30, 2018 in Chains
STAMFORD, CT - Atlantic Street Capital (Atlantic Street), a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced that its portfolio company PLNTF Holdings (PLNTF), owner of Planet Fitness health clubs in the greater Indianapolis area, has acquired 14 additional health clubs in Alabama and Virginia as part of the next step in its acquisition strategy to expand into new and growing geographic regions. Read More...
