Olympus Continues to Excel, Acquires Planet Fitness Franchisee

,/ PRNewswire/– Stamford, CT based personal equity company Olympus Partners has actually gotten Excel Fitness Holdings, LLC (” Excel”), a Planet Fitness franchisee serving 6 markets consisting of Austin, Dallas Ft-Worth, Northwest Arkansas, Raleigh-Durham, Tulsa, and Virginia Excel Fitness is headquartered in Austin, Texas and runs over 90 Planet Fitness areas serving almost 750,000 members at the time of acquisition.

” The Planet Fitness brand name has actually done an amazing task cultivating an inviting environment for the big portion of the population who have actually never ever come from a health club or discover conventional health club settings daunting. We are enjoyed be partnering with Excel management who our company believe has actually established among the premier franchisees by weding the tested Planet Fitness principle with extraordinary client service and functional quality,” stated Matt Boyd, Principal at Olympus. “We eagerly anticipate our collaboration with CJ and the rest of the Excel group as we even more broaden the Company’s existence in its core markets and beyond.”

CJ Bouchard, CEO of Excel, included, “Our group is very thrilled to partner with the Olympus group as we continue growing our organization, developing neighborhoods through physical fitness and bringing the Judgement Free Zone to brand-new members.”

” We remain in a number of the greatest development markets in the U.S. and this provides us the chance to broaden our footprint through advancement and marketing,” stated CJ Bouchard. The Excel group prepares to run over 100 places by the end of 2022 with 80 clubs delegated construct.

The Olympus group consisted of Paul Rubin, Matt Boyd, Matt Bujor and Sid Ahuja Olympus was represented by Matt Goulding and Alexandra Dayneka-Hayes from Kirkland & Ellis and the Company was recommended by Ryan Budlong and Zach England from Harris Williams

About OLYMPUS PARTNERS

Founded in 1988, Olympus Partners is a personal equity company concentrated on offering equity capital for middle market management buyouts and for business requiring capital for growth. Olympus is an active, long-lasting financier throughout a broad series of markets consisting of company services, customer items, health care services, monetary services, commercial services, and production. Olympus handles in excess of $ 8.5 billion primarily on behalf of business pension funds, endowment funds and state-sponsored retirement programs.

About EXCEL FITNESS

Excel Fitness Holdings is a leading Planet Fitness franchise group based in the Austin location with over 90 areas throughout Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia Excel Fitness has actually developed a group culture that concentrates on raising the member experience by establishing remarkable gym and providing first-rate client service. The group is enthusiastic about constructing neighborhoods through physical fitness and supporting their regional markets through work and subscriptions chances that favorably affect lives.

About PLANET FITNESS

Founded in 1992 in Dover, NH, Planet Fitness is among the biggest and fastest-growing franchisors and operators of gym in the United States by variety of members and areas. Since December 31, 2021, Planet Fitness had 15.2 million members and 2,254 shops in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia The Company’s objective is to boost individuals’s lives by offering a top quality physical fitness experience in an inviting, non-intimidating environment, which we call the Judgement Free Zone ®. More than 90%of Planet Fitness shops are owned and run by independent company males and females.

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SOURCE Olympus Partners