Leonard Green & Partners to acquire a majority stake in Crunch Fitness from TPG Growth.

Leonard Green & Partners, a private equity investment firm, agreed to acquire a majority stake in Crunch Fitness, a US brand of fitness clubs, from TPG Growth, an investment firm. Financial terms were not disclosed. "This is an exciting new chapter for Crunch. Leonard Green & Partners has a phenomenal track record of success and investing in consumer brands, and we're confident their strategic insight and operational expertise will only continue to accelerate our growth while staying true to our core values," Jim Rowley, Crunch Fitness CEO.