TowerBrook, an investment management firm, completed the acquisition of ECP-PF Holdings, a developer and operator of fitness clubs, from Exaltare, a private equity firm. Financial terms were not disclosed. “We are excited to partner with a leading franchisee of Planet Fitness. ECP-PF has a strong track record of growth, and the platform’s mission to provide inclusive, affordable fitness aligns well with TowerBrook’s purpose driven value creation focus and Responsible Ownership. The business is well-positioned to continue to expand that mandate to meet the growing demand for new high value, low price fitness clubs across North America,” Jonathan Bilzin, TowerBrook Co-President and Managing Director.