M&A Deal Summary

Planet Fitness Acquires Sunshine Fitness

On January 11, 2022, Planet Fitness acquired consumer services company Sunshine Fitness from TSG Consumer Partners for 800M USD

Acquisition Highlights
  • This is Planet Fitness’ 1st transaction in the Consumer Services sector.
  • This is Planet Fitness’ largest (disclosed) transaction.
  • This is Planet Fitness’ 1st transaction in the United States.
  • This is Planet Fitness’ 1st transaction in Florida.

M&A Deal Summary
Date 2022-01-11
Target Sunshine Fitness
Sector Consumer Services
Buyer(s) Planet Fitness
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

Sunshine Fitness

Altamonte Springs, Florida, United States
Sunshine Fitness is a franchisee of Planet Fitness clubs that currently operates 31 locations across Florida, Georgia, and Alabama. Planet Fitness, one of the fastest-growing health club franchises in the United States, provides a high-quality fitness experience in a welcoming, non-intimidating environment. Sunshine Fitness was formed in 2003 and is based in Altamonte Springs, Florida.

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Buyer(S) 1

Buyer

Planet Fitness

Hampton, New Hampshire, United States
Category Company
Founded 1992
Sector Consumer Services
Employees3,797
Revenue 1.1B USD (2023)
DESCRIPTION

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 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
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 -

Seller(S) 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.

DEAL STATS #
Overall 35 of 35
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 28 of 28
State (Florida) 2 of 2
Country (United States) 33 of 33
Year (2022) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Super Star Car Wash

Phoenix, Arizona, United States

Super Star Car Wash is a car wash operator. Super Star Car Wash was founded 1993 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 Cadogan Tate

London, United Kingdom

Cadogan Tate is an international premium storage, moving and shipping group specializing in fine art and other valuable possessions. Cadogan Tate was founded in 1977 and is based in London, United Kingdom.

Buy -
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