Stamford, Connecticut.And April 29, 2022 /PRNewswire/- Stamford, Connecticut Headquartered in Tokyo, private equity firm Olympus Partners has acquired Excel Fitness Holdings, LLC (“Excel”), a Planet Fitness franchisee serving six markets including AustinAnd Dallas Fort WorthAnd Northwest ArkansasDurham, Raleigh, Tulsa, and Virginia. Excel Fitness is headquartered in Austin, Texas It operates more than 90 Planet Fitness locations serving approximately 750,000 members at the time of acquisition.
“Planet Fitness has done an amazing job creating a welcoming environment for a large percentage of the population who have never been into a gym or find traditional gym settings intimidating. We are pleased to partner with Excel Management who we believe has developed one of the key franchisees with Combining the proven Planet Fitness concept with exceptional customer service and operational excellence.” Matt Boyd, Director at Olympus. “We look forward to our partnership with CJ and the rest of the Excel team as we expand the company’s presence in its core markets and beyond.”
“Our team is very excited to partner with the Olympus team as we continue to grow our business, building communities through fitness and bringing the Free Zone to new members,” added CJ Bouchard, CEO of Excel.
“We are in many of the fastest growing markets in the US and this gives us the opportunity to expand our footprint through development and marketing,” said CJ Bouchard. The Excel team plans to have more than 100 sites operational by the end of 2022 with 80 construction clubs remaining.
Olympus team included Paul RobinAnd Matt BoydAnd Matt Bogor And Mr. Ahuja. Olympus was represented by him Matt Golding And Alexandra Daineca Hayes From Kirkland & Ellis and the company was advised by Ryan Bodlung And Zack England from Harris Williams.
ABOUT OLYMPUS PARTNERS
Founded in 1988, Olympus Partners is a private equity firm focused on providing venture capital for middle-market management buyouts and for companies needing capital to expand. Olympus is an active long-term investor across a wide range of industries including business services, consumer products, healthcare services, financial services, industrial services and manufacturing. Olympus runs over $8.5 billion Mainly on behalf of corporate pension funds, endowment funds, and state-sponsored retirement programs.
ABOUT EXCEL FITNESS
Excel Fitness Holdings is a leading franchise group of Planet Fitness headquartered in Austin A region with more than 90 locations across TexasAnd OklahomaAnd ArkansasAnd MissouriAnd North CarolinaAnd Virginia. Excel Fitness has built a team culture focused on improving the member experience by developing exceptional health clubs and providing world-class customer service. The team is passionate about building communities through fitness and supporting their local market through job opportunities and memberships that positively impact lives.
About Planet Fitness
Founded in 1992 in Dover, New HampshirePlanet Fitness is one of the largest and fastest growing franchises and operators of fitness centers in the world United State By number of members and locations. From December 31, 2021Planet Fitness had 15.2 million members and 2,254 stores in 50 states District of ColumbiaAnd Puerto RicoAnd CanadaAnd PanamaAnd Mexico And Australia. The company’s mission is to enhance people’s lives by providing a quality fitness experience in a welcoming and non-intimidating environment, which we call Judgment Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent men and women entrepreneurs.
SOURCE Olympus Partners
