United PF Partners, the largest Planet Fitness franchisee, has gained 26 Planet Fitness locations and certain development rights in the Arkansas, Tennessee, Missouri, Mississippi and Illinois markets from PF Arkansas, LLC.
This addition puts United PF’s operating club count to 152 clubs in 14 states across the West, Southwest, Midwest, South and Mid-Atlantic regions.
“The addition of these clubs is an incredible opportunity for United PF to continue our growth momentum and expand our footprint throughout our target development areas,” said Trey Owen, CEO of United PF, in a statement. “This expansion serves as another example of our continued commitment to help the Planet Fitness brand bring affordable, high-quality fitness to more people across the country. We are excited to see what the future holds.”
United PF, headquartered in Austin, Texas, was formed in 2016 by JLM Financial Partners and Eagle Merchant Partners with the merger of several Planet Fitness franchisees. This expansion now allows United PF to serve 1.1 million people.
The purchase aligns with United PF’s overall goal of accelerating growth and further providing access to non-intimidating fitness environments, where members can build active lifestyles for an affordable price.
The financing for the purchased was jointly led by Jefferies and Fifth Third Bank.