Stamford private equity firm acquires Planet Fitness franchisee for $675 million4 min read
STAMFORD — Olympus Companions has acquired a Planet Physical fitness franchisee for additional than $675 million, highlighting a single of the busiest-at any time periods for the Stamford private equity company.
The acquisition of Austin, Texas-centered Excel Fitness Holdings will increase the amount of corporations to 13 in Olympus’ portfolio. Excel serves practically 750,000 Earth Exercise users across far more than 90 places that it operates in Austin Dallas-Fort Value Raleigh-Durham, N.C. Tulsa, Okla. northwest Arkansas and across Virginia. Supported by Olympus, it aims to operate extra than 100 locations by the conclude of 2022.