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Camp Hill-based NFP acquires 21 Planet Fitness clubs in 3 states
National Fitness Partners (NFP), a Planet Fitness franchisee, announced the acquisition of 21 Planet Fitness locations across Pennsylvania, Maryland and Illinois.
The expansion brings NFP’s total club count to 198 locations across 14 states. NFP now serves more than 1.5 million members across its portfolio.
“As we celebrate our 20th year as a proud Planet Fitness franchisee later this year, this acquisition marks an exciting step forward in our mission to bring high-quality, affordable fitness to more communities,” Stephen Kindler Jr., president and CEO of NFP said in a statement. “We look forward to welcoming our newest members and team members into the NFP family.
“As we continue to grow, we remain focused on delivering a welcoming member environment with state-of-the-art equipment and pristine amenities that our members have come to expect and enjoy from Planet Fitness,” added Kindler.
According to a release, the acquisition from Pizzazz Fitness strengthens NFP’s presence in its East Coast markets, adding six clubs in suburban Philadelphia, 11 clubs across Baltimore and Southern Maryland, and four clubs in the greater Chicago and Rockford markets, marking the Company’s first clubs in Illinois.
“After years of building strong, community-focused clubs, it’s incredibly rewarding to see them join a trusted partner like NFP,” said Dan Horan, owner of Pizzazz Fitness. “The care that NFP shows to their members and team is rooted in their core values and mirrors our own approach. I’m confident they’ll continue to grow what we’ve started, while ensuring the same supportive experience that allows all fitness levels to grow stronger together.”
NFP is a portfolio company of Argonne Capital Group, LLC (“Argonne”), an Atlanta-based private investment firm.
This transaction represents the 15th 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.
Source: Ed Gruver | Central Penn Business Journal
