HGGC-backed Grand Fitness Partners completed the acquisition of eight Planet Fitness locations from PCV Holding.

HGGC-backed Grand Fitness Partners, a franchisee in the Planet Fitness system, completed the acquisition of eight Planet Fitness locations from PCV Holding, an end-to-end product developer for devices, appliances and key components. Financial terms were not disclosed. "PCV has done a tremendous job with these clubs, and they are a perfect fit to grow our presence in California. While these locations come to us with very strong financial performance, we believe there is room to drive further improvements through our established operating infrastructure, marketing resources, and strong culture. We have a robust new club development pipeline we expect to be active in 2024," Dave Bidwell, Grand Fitness Partners CEO.