HGGC-backed Grand Fitness Partners completed the acquisition of 10 club locations from Planet Fitness.

HGGC-backed Grand Fitness Partners, one of the Planet Fitness franchisees, operating 90 clubs across the US, completed the acquisition of 10 club locations from Planet Fitness, a global fitness brand known for its affordable, judgment-free gyms and extensive network of franchised and company-owned locations. Financial terms were not disclosed. “Grand Fitness Partners has been a strong franchise partner, and its growth reflects the power of our brand and strength of our franchise system. This transaction aligns with our commitment to recycling capital where appropriate and advancing our asset-light model and also allows us to focus our resources on our East Coast corporate-owned clubs,” Colleen Keating, Planet Fitness CEO.