Health and Fitness Club Industry News: Chains
Wednesday, September 30th, 2026
Planet Fitness Opens Newest Club in Martinsville, Indiana
Posted: July 20, 2022 in Chains
MARTINSVILLE, IN - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the grand opening of its newest club in Martinsville, Indiana. Planet Fitness is celebrating the grand opening on Friday, July 29, with a ribbon cutting ceremony with Mayor Kenneth Costin and the Martinsville Chamber of Commerce starting at 3:00 p.m. During the celebration, Planet Fitness will donate $2,500 to the Indy Honor Flights, a local non-profit organization that honors Indiana veterans for their service and sacrifice. Read More...
Planet Fitness Awards $250,000 in Scholarships to 50 Boys & Girls Clubs of America Teens For Their Efforts in Promoting a Kinder and More Inclusive World
Posted: June 29, 2022 in Chains
HAMPTON, N.H. - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the recipients of its annual Judgement Free Generation scholarship, which recognize teens for their commitment to promoting kindness and contributing to a more judgement free planet. Fifty deserving Boys & Girls Clubs of America teens were each awarded $5,000, over half (56%) of whom will be first-generation college students. Read More...
Altamont Capital Partners Exits Investment in Excel Fitness, a Leading Planet Fitness Franchisee
Posted: June 13, 2022 in Chains
PALO ALTO, CA - After six years of partnership with Excel Fitness, Altamont Capital Partners has exited its investment with a sale of the company to Olympus Partners. As part of that transaction, completed last month, Excel's management team and founders, along with Altamont, established a bonus pool that provided every employee at the company, more than 1,500 individuals, with a payment at closing, in recognition of their contributions. Read More...
Planet Fitness Hagerstown Hosts Grand Reopening
Posted: May 17, 2022 in Chains
HAGERSTOWN, MD - Planet Fitness, one of the nation’s largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, recently celebrated the grand reopening of its Hagerstown club. Planet Fitness Hagerstown originally opened in 2009 and recently underwent over $1 million worth of renovations. Expanded by 4,000 square feet of space, the now 21,250 square-foot club features a new PF Black Card Spa area, new strength and cardio equipment, TRX suspension training, updated locker rooms, new entrance way floor tile and a new front desk. Read More...
Planet Fitness Announces New Development Agreement in New Zealand
Posted: May 10, 2022 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) has announced the Company has signed an Area Development Agreement with Castle Point Fitness NZ Ltd. ("Castle Point"), to expand the brand into New Zealand. Castle Point is a joint venture between the founder of The Fresnel Companies, LLC, a U.S. based investment firm with substantial international experience, and a private family office. The agreement will bring a minimum of 25 Planet Fitness locations to New Zealand over the next several years. Read More...
Olympus Acquires Planet Fitness Franchisee, Excel Fitness’ 90 Locations Serving 750,000 Members
Posted: April 29, 2022 in Chains
STAMFORD, 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...
Planet Fitness Expands DC Footprint With Gallery Place Location
Posted: February 22, 2022 in Chains
TIMONIUM, MD - Planet Fitness, one of the nation’s largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces further expansion in the nation’s capital. Planet Fitness Gallery Place is scheduled to open in June and will occupy the former Washington Sports Club space. Planet Fitness Gallery Place will be the first of three D.C. area clubs that PFGP is bringing to the community. Read More...
Planet Fitness Prices $900 Million Securitized Financing Facility
Posted: January 26, 2022 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announced that it has priced $900 million of Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 3.251% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $475 million and a fixed interest rate of 4.008% per annum, payable quarterly. Read More...
HGGC-Backed Grand Fitness Partners Grows with Acquisition of 13 Additional Planet Fitness Locations
Posted: January 13, 2022 in Chains
TOMS 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
HAMPTON, 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...
