Sixth Street completed the investment in CR Fitness.

Sixth Street, a global investment firm, completed the investment in CR Fitness, the leading franchisee in the Crunch Fitness system. Financial terms were not disclosed. “We are extremely excited to partner with Tony, Vince, North Castle, and the entire team at CR Fitness. Their record of execution speaks for itself, and is arguably the best we have seen in the high-value, low-price fitness space. The Crunch Fitness system is growing rapidly due to the strength of its consumer value proposition, and the markets in which CR is expanding are exceptionally attractive,” Kayvan Heravi, Sixth Street Co-Head of Consumer.