Planet Fitness completed the acquisition of Sunshine Fitness Growth Holdings from TSG Consumer Partners for $800m.

Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers, completed the acquisition of Sunshine Fitness Growth Holdings, owner and operator of more than 100 Planet Fitness clubs in the Southeast United States, TSG Consumer Partners, a private equity firm, for $800m. "While many brands are retracting, we believe that there's tremendous long-term untapped opportunity for our brand to help people begin their wellness journey, which is why we're making strategic investments such as the acquisition of Sunshine Fitness, one of our best-performing franchisees in the system. We now own more than 200 corporate stores, or approximately 10 percent of our total system, which is our target ownership level that allows us to retain our asset-light business model -- an important part of our shareholder value proposition," Chris Rondeau, Planet Fitness Chief Executive Officer.