THL Credit Opportunities, L.P. (THL Credit) sponsored a recapitalization of Anytime Worldwide, LLC (”Anytime Fitness”) in partnership with Partnership Capital Growth (PCG-AFI) and the company’s owners and founders, Chuck Runyon and Dave Mortensen. Founded in 2001, Anytime Fitness is the world’s largest 24-hour, co-ed fitness franchise concept with over 1,200 clubs opened and nearly 800,000 members. Operating under the brand “Anytime Fitness”, Anytime Fitness clubs can be found in 48 states across the U.S., Canada, Australia, and New Zealand with plans to open clubs in India and Mexico in 2010. For the fourth year in a row, Franchise Business Review has given Anytime Fitness its top rating for franchisee satisfaction.
“We believe Anytime Fitness, with its premier concept and brand, is uniquely positioned to capitalize on favorable demographic trends in the health and fitness industry,” said Hunter Stropp, the managing director of THL Credit.
“We have been impressed with the company’s growth and execution over the past eight years,” said Jim Hunt, the CEO of THL Credit. “We are excited to partner with Chuck, Dave and Partnership Capital Growth to help position the company for continued success.”