American Securities, a leading U.S. private equity firm, has acquired United PF Partners — a Planet Fitness area developer — from JLM Financial Partners and Eagle Merchant Partners.
United PF is headquartered in Austin, Texas, and has 160+ locations in 14 states. The company was founded in November 2016 through the consolidation of five leading Planet Fitness franchisee groups.
“We are very excited to partner with American Securities as we seek to continue to expand our platform through numerous growth avenues,” said Trey Owen, the CEO and founder of United PF, in a statement. “JLM Financial Partners and Eagle Merchant Partners gave us the support and the space to be the best Planet Fitness operators in the system, while making it possible for us to expand our geographic footprint and introduce more health-conscious members to the Judgement Free Zone.”
United PF is the largest Planet Fitness franchisee in the U.S., with clubs in Alabama, Arizona, Arkansas, Illinois, Kansas, Louisiana, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas and West Virginia.
“As strong proponents of the growing fitness and wellness market, we are extremely proud of United PF’s growth and success during our investment,” said Larry Meyer, the chairman of JLM Financial Partners, in a statement. “Trey Owen and his team have been excellent partners, outstanding stewards of the Planet Fitness brand and we wish them continued success.”
American Securities is a leading U.S. private equity firm based in New York that invests in market-leading North American companies. The firm and its affiliates have approximately $23 billion under management.
Planet Fitness as a whole boasts 1,899 clubs in the U.S., the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico.
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Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.
