With the purchase of its franchisee, Sunshine Fitness Growth Holdings LLC, US fitness chain Planet Fitness has added an additional 114 studios to its company-owned facilities. All the information and background of the OPA.
The Planet Fitness Franchise Has Them planned acquisition of your franchise partner Sunshine Fitness Growth Holdings LLC announced.
Sunshine Fitness was the first franchisees in the Planet Fitness licensing system and has been managed by investor TSG Consumer Partners since 2017.
The franchisee has his Based in the southeastern United States and operates there in the states of Alabama, Florida, Georgia, North Carolina and South Carolina combined 114 studies.
Strategic expansion of sphere of influence
The acquisition will result in Planet Fitness new strategic opportunities.
In this way, the franchise giant (more than 2,000 studios) – whose own studio portfolio has so far been mainly located in the northeastern US – can direct its Significantly expand influence in the southeast.
“Sunshine Fitness is one of our Franchisees with the best performance in the system and has locations that geographically complement our current portfolio of company-owned corporate stores and are in markets that have long-term prospects new prospects for development offer,” says Planet Fitness CEO Chris Rondeau.
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According to Planet Fitness, the acquisition will take place in the first quarter of 2022 in the form of $800 million cash and stock transaction Walk across the stage.
setting the course for the future
After the transaction is complete Shane McGuinnessthe co-founder and CEO of Sunshine Fitness, the Take over the direction of the new branch of the company and bring their more than twenty years of experience to a new workplace.
“Corporate store ownership is an important part of our corporate strategy because it gives us relevance and credibility when making decisions that affect the entire franchise system.”
Chris Rondeau, CEO of Planet Fitness
After purchase, Planet Fitness more than 200 own corporate stores possess approximately 10 percent of all studies corresponds to the franchise chain.
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