Planet Fitness Franchisee Picks Up 14 Clubs in Alabama and Virginia

Planet Fitness Franchisee Picks Up 14 Clubs in Alabama and Virginia

Planet Fitness Franchisee Picks Up 14 Clubs in Alabama and Virginia

Indianapolis-based PLNTF Holdings, a company whose subsidiary, PF Indy, operates Planet Fitness locations, acquired 14 more of the brand's units in the Alabama and Virginia markets. The franchisee also has plans to open additional clubs in those same states.

The group is already a Planet Fitness operator in the Indianapolis market where it currently operates 15 locations. The new deal brings PLNTF Holdings' total club count to 29, which makes it one of the largest franchisees in the Planet Fitness network. PLNTF Holdings is owned by private equity firm Atlantic Street Capital.

"We are very pleased with the growth of our operations in existing markets," PLNTF Holdings CEO Mike Campagnolo said. "We partnered with Atlantic Street to leverage their multi-unit retail expertise and help broaden our footprint into new markets. The acquisition of these clubs in high-quality retail locations is an important step in our overall strategy to create a more powerful and geographically diverse Planet Fitness platform. We see strong potential in the Alabama and Virginia markets where our club's compelling value proposition will be very appealing to consumers. We look forward to working with Atlantic Street to continue our steady growth."

The deal's Alabama clubs are located in the Mobile area as well as northern Alabama. The Virginia clubs are in Alexandria, Manassas, Fairfax, Centreville, Springfield, and Woodbridge.

Published: June 19th, 2018

Share this Feature

Recommended Reading:

Comments:

comments powered by Disqus
Blaze Pizza
SPONSORED CONTENT

FRANCHISE TOPICS

Top Opportunities »

Sunny Street Cafe
A bright spot in your neighborhood for breakfast, brunch, and lunch. Discover the freedom and balance of owning your own Sunny Street Café: we've...
Request Info
True REST Float Spa
Be on the ground floor of taking this movement mainstream by joining the established market leader today!
Cash Required:
$125,000
Request Info
Homewatch CareGivers
Homewatch CareGivers gives entrepreneurs a proven path to financial success as well as the opportunity to make a positive change in the world. We are...
Cash Required:
$50,000
Request Info

Subscribe »

Attend »

Conferences
Caesars Palace, Las Vegas, NV
APR 3-6

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.