United PF Partners Acquires 26 Planet Fitness Clubs in Arkansas, Tennessee, Missouri, Mississippi, and Illinois
Posted: June 18, 2019 in Chains
AUSTIN, TX – United PF Partners (United PF), the largest Planet Fitness (NYSE: PLNT) franchisee, has acquired 26 Planet Fitness locations and certain development rights in the Arkansas, Tennessee, Missouri, Mississippi and Illinois markets from PF Arkansas, LLC. This acquisition increases United PF’s operating club count to 152 clubs across 14 states, spanning the West, Southwest, Midwest, South and Mid-Atlantic regions.
This acquisition supports United PF’s overall goal of accelerating growth and further providing access to non-intimidating fitness environments where members can build active lifestyles for an affordable price.
“The addition of these clubs is an incredible opportunity for United PF to continue our growth momentum and expand our footprint throughout our target development areas,” said Trey Owen, CEO United PF. “This expansion serves as another example of our continued commitment to help the Planet Fitness brand bring affordable, high-quality fitness to more people across the country. We are excited to see what the future holds.”
United PF’s team, resources, and scale continue to provide the opportunity for high quality clubs, rapid organic growth, new club expansion, and a premium, judgement free experience for its members.
United PF was formed by JLM Financial Partners and Eagle Merchant Partners in November 2016 with the merger of several leading Planet Fitness franchisees. United PF is a growth-oriented franchisee with significant room for new club expansion under its area development agreements.
Financing for the acquisition by United PF was jointly led by Jefferies and Fifth Third Bank.