Announced
Completed
Financials
Tags
Single Bidder
Private Equity
Friendly
Completed
Domestic
Recreational Services
Acquisition
Private
United States
Majority
fitness clubs
Synopsis
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.
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