M&A Deal Summary |
|
|---|---|
| Date | 2016-04-07 |
| Target | National Fitness Partners |
| Sector | Consumer Services |
| Buyer(s) | Argonne Capital Group |
| Sellers(s) | Planet Fitness |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| Size | Small |
| Type | Sector Agnostic |
Argonne Capital Group is a private investment firm that looks to acquire majority interests in cash flow positive companies. Argonne seeks businesses that can benefit from the firm's real estate and financing experience in terms of growth through new unit development. Sectors of interest include restaurants, retail, manufacturing, distribution, fitness, consumer services, dealerships, and light industrial. The Firm can commit up to $100 million per transaction and general targets companies with cash-flow of $5 to $75 million. Argonne Capital Group was established in 2003 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector (Consumer Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 7 of 9 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-04 |
The Lube Stop
Berea, Ohio, United States The Lube Stop, Inc. is a quick oil change company. Serving tens of thousands of customers each month, our oil changes and preventative vehicle maintenance services are performed by a well-trained team of experts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-29 |
The Lube Stop
Berea, Ohio, United States The Lube Stop, Inc. is a quick oil change company. Serving tens of thousands of customers each month, our oil changes and preventative vehicle maintenance services are performed by a well-trained team of experts. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Consumer Services |
| Employees | 3,797 |
| Revenue | 1.1B USD (2023) |
Planet Fitness is a franchisor and operator of fitness centers in the United States, with more than 12.5 million members and 1,700+ stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness was formed in 1992 and is based in Hampton, New Hampshire.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Consumer Services) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-17 |
Planet Fitness - 12 Planet Fitness Clubs
Charlotte, North Carolina, United States Planet Fitness, Inc. - 12 Planet Fitness Clubs provides a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. |
Sell | - |
