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Announced

Centre Partners acquired a majority interest in One World Fitness.

Synopsis

Centre Partners has acquired a majority interest in New England Fitness and affiliates, now doing business as One World Fitness, a leading owner and operator of fitness clubs under the Planet Fitness banner. Financial terms were not disclosed. The Company's founder, Bill Fidler, and other key members of management invested alongside Centre. New England Fitness was founded in 2006 to operate fitness clubs as a franchisee of Planet Fitness and has expanded its operations to include 18 fitness clubs primarily in the Philadelphia metropolitan and New Jersey markets. Planet Fitness, one of the largest and fastest-growing health club franchises in the country, is known for providing high-value, low-price fitness experiences in low-pressure, "Judgement Free®" environments. "Centre's long history of successfully collaborating with founders and entrepreneurs makes them an ideal partner for One World Fitness. We believe Centre's financial support and industry expertise will accelerate growth and facilitate meaningful investments in our business while enabling us to maintain our focus on offering a high-quality, "Judgement Free®" experience for our existing members." Bill Fidler, Centre Partners Managing Partner.

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