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Health and Fitness Club Industry News: Chains

Tuesday, December 6th, 2022

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Planet Fitness Collaborates With Amazon Halo to Provide People with Tools and Resources to Start and Stick with Their Fitness Journeys
Posted: November 23, 2022 in Chains

Planet FitnessHAMPTON, 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 a collaboration with Amazon Halo to provide more people with the tools and resources they need to achieve their fitness goals, inside the gym and beyond. Read More...

Planet Fitness Announces Plans for the Next Stage of Strategic Growth and Shareholder Value Creation at its 2022 Investor Day
Posted: November 15, 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, hosted the company's first-ever Investor Day in New York City. At the inaugural event, Planet Fitness addressed how it is continuing to break down fitness barriers for future generations by building on 30 years of consistent, reliable growth through its disruptive brand and disciplined franchise model. Read More...

John W. Brick Foundation Joins with Planet Fitness Growth Partners to Support the National Center for Healthy Veterans at Valor Farm
Posted: November 10, 2022 in Chains

John W. Brick Mental Health FoundationALTAVISTA, VA - The John W. Brick Mental Health Foundation (JWB) and Planet Fitness Growth Partners LLC (PFGP) have established a partnership with The National Center for Healthy Veterans (NCHV) to support veterans in overcoming post-traumatic stress. NAMI reports that up to 1 in 5 veterans experience PTSD, and the U.S. Department of Veterans Affairs reports that 16 veterans a day die by suicide, but there is reason for hope. The JWB awarded NCHV Valor Farm with a grant of $100,000, while PFGP gifted new equipment for the wellness center. Read More...

Planet Fitness Promotes Company Veteran Jennifer Simmons to Division President, Corporate Clubs; Names Paul Barber Chief Information Officer
Posted: November 3, 2022 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announce that Jennifer Simmons, previously Senior Vice President of Business Strategy and Analytics, has been promoted to Division President, Corporate Clubs, and Paul Barber has been appointed Chief Information Officer, effective immediately. Ms. Simmons will continue to report to Chris Rondeau, Chief Executive Officer, and Mr. Barber will report to Tom Fitzgerald, Chief Financial Officer. Read More...

Planet Fitness To Add Marysville, Washington Location
Posted: October 26, 2022 in Chains

Planet FitnessTIMONIUM, 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 Evergreen State. The Marysville (Smokey Point) club will be Planet Fitness’ 28th and PFGP’s 12th in the Seattle area. The group’s portfolio includes clubs in Bremerton, Burlington, Downtown Seattle, Everett, Federal Way, Lacey, Mill Creek, North Seattle, Oak Harbor, Olympia and Rainier Beach. Read More...

Planet Fitness to Add Parkland, Florida Location
Posted: October 19, 2022 in Chains

Planet FitnessTIMONIUM, 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 Sunshine State. A 19,703-square-foot space in Parkland, Florida that is currently a YouFit gym will close October 25. Planet Fitness will completely rebuild and equip the facility, for a total investment of $2.8 million with an anticipated December opening. Read More...

Planet Fitness Motivated 3.5 Million High School Students to Prioritize Their Mental and Physical Health This Summer as Part of the ‘High School Summer Pass’ Initiative
Posted: September 14, 2022 in Chains

Planet FitnessHAMPTON, 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, announced that more than 3.5 million high schoolers signed up for its High School Summer Pass program, logging 17 million workouts over the course of three-and-a-half months. High School Summer Pass took place from May 16 through August 31, during which Planet Fitness opened its doors to high schoolers ages 14 – 19 to work out for free at any of its more than 2,300 locations in the United States and Canada. Read More...

Planet Fitness Opens Gallery Place Location
Posted: September 12, 2022 in Chains

Planet FitnessTIMONIUM, 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 the opening of its Gallery Place club in Washington D.C. An official Planet Fitness Gallery Place grand opening celebration is being planned for October 17. Planet Fitness Gallery Place is the first of three DC area clubs that PFGP is bringing to the community. The franchise division currently owns and operates 21 clubs in the DMA, including Ivy City and Penn Branch in the nation’s capital. Overall, there are 48 Planet Fitness clubs throughout the area. Read More...

Planet Fitness Franchise Group, Excel Fitness, Acquires 14 Locations in Virginia and North Carolina From Local Franchisee
Posted: August 25, 2022 in Chains

Planet FitnessVIRGINIA BEACH, VA - Excel Fitness, a franchisee of Planet Fitness, announces its acquisition of 14 Planet Fitness locations in the Hampton Roads region of Eastern Virginia from the KSMA group, owned and operated by husband-and-wife team Ken and Sharree Ryder, their son Michael Barnes and daughter Amanda Williamson. This deal brings Excel's club count to 107 and includes development rights to bring six more locations to the Virginia market over the next five years. Read More...

Planet Fitness Promotes Jamie Medeiros to Chief Brand Officer
Posted: August 9, 2022 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), announces that Jamie Medeiros, Vice President of National Marketing, has been promoted to Chief Brand Officer. Ms. Medeiros, a 22-year Company veteran, will lead the brand strategy and work collaboratively with agencies and across the organization to ensure the brand vision comes to life through national and local marketing strategy, creative, brand marketing sponsorships and activations, and social media. She will report directly to Chris Rondeau, Chief Executive Officer. Read More...

Planet Fitness Opens Newest Club in Martinsville, Indiana
Posted: July 20, 2022 in Chains

Planet FitnessMARTINSVILLE, 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

Planet FitnessHAMPTON, 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

Planet FitnessPALO 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

Planet FitnessHAGERSTOWN, 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

Planet FitnessHAMPTON, 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

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...

Planet Fitness Expands DC Footprint With Gallery Place Location
Posted: February 22, 2022 in Chains

Planet FitnessTIMONIUM, 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

Planet FitnessHAMPTON, 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

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...

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