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HGGC Closes Sale of Grand Fitness

peprofessional

2 months ago

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HGGC has closed the sale of Grand Fitness Partners, a large Planet Fitness franchisee, to Flynn Group. As part of the transaction, Monogram Capital Partners, the company’s previous majority owner prior to HGGC’s 2021 investment, has also sold its remaining equity position.Founded in 2010 and headquartered in Coral Springs, Florida, Grand Fitness Partners operates 98 fitness clubs across California, Florida, New Jersey, Pennsylvania, and Virginia.
The buyer, Flynn Group, operates more than 3,000...

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