Prospect Hill Growth Partners completed the acquisition of a majority interest in Fitness Ventures.

Prospect Hill Growth Partners, a private equity firm focused on middle-market growth companies, completed the acquisition of a majority interest in Fitness Ventures, a franchisee in the Crunch Fitness system. Financial terms were not disclosed. “The team from Prospect Hill brings unparalleled experience in scaling multi-unit businesses across the US. This new partnership with Prospect Hill and new access to institutional capital is going to allow us to seize on these opportunities at a faster pace, accelerating our overall growth rate and pushing to our ultimate goal of owning and operating 100 Crunch Fitness locations,” Brian Hibbard, Fitness Ventures Founder and CEO.