Latest Acquisition Gives Multi-Unit Operator 94 Planet Fitness Locations
Company Added
Company Removed
Apply to Request List

Latest Acquisition Gives Multi-Unit Operator 94 Planet Fitness Locations

Latest Acquisition Gives Multi-Unit Operator 94 Planet Fitness Locations

Planet Fitness multi-unit operator National Fitness Partners (NFP) is acquiring 16 Planet Fitness clubs, including 15 locations in the greater Cleveland and Akron-Canton, Ohio markets and one location in central Pennsylvania.

The new deal expands NFP’s portfolio, which now includes 94 Planet Fitness clubs with exclusive rights to develop 40 plus additional locations in Pennsylvania, Ohio, Delaware, North Carolina, and South Carolina. NFP is a portfolio company of Atlanta-based private investment firm Argonne Capital Group, LLC.

“We remain bullish on the near-term recovery prospects and long-term growth of the Planet Fitness brand, as encouraging membership and utilization trends continue to point to a successful emergence from the Covid-19 pandemic,” said Stephen Kindler Jr., president and CEO of National Fitness Partners. “This significant investment will expand our reach into important new markets and strengthen our efforts to ensure more people have access to low-cost fitness options, as we believe regular exercise plays an essential role in enhancing the physical, mental and emotional wellbeing of our members.”

This transaction represents the seventh acquisition for NFP, which was founded in 2016 in partnership with Argonne to acquire 10 Planet Fitness locations in central Pennsylvania from the Kindler family. The Kindlers have been involved in the fitness industry since 1967 and legacy Planet Fitness franchisees since 2005, when the family converted two gyms in Harrisburg, Pennsylvania to Planet Fitness.

Published: January 28th, 2021

Share this Feature

World Gym
SPONSORED CONTENT
World Gym
SPONSORED CONTENT
World Gym
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
The Human Bean
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Marco's Pizza®
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Palace, Las Vegas
AUG 31-3RD, 2021

PJ's Coffee is expanding and we are looking for passionate and motivated entrepreneurs to join our winning team.
Cash Required:
$100,000
Request Info
It’s time for a fresh start. Join Kona Ice! Low investment, fastest growing with over 1,300 franchises in 12 years, #1 in franchisee satisfaction...
Cash Required:
$20,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report