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Local Planet Fitness franchisee expanding into the Carolinas with acquisition
Argonne Capital Group LLC, the parent of National Fitness Partners, which operates Planet Fitness franchises in the midstate, acquired 12 gyms in the Carolinas. - (Photo / Submitted)
National Fitness Partners, a midstate operator of Planet Fitness franchises, is doubling its footprint after buying a dozen gyms in the Carolinas.
Private-equity firm Argonne Capital Group LLC, the parent of National Fitness Partners, announced Thursday that it acquired the clubs in the Charlotte metropolitan area from GNT Holdings LLC.
National Fitness Partners, which is based in the Harrisburg area, had 11 franchise locations in its portfolio prior to the deal with GNT. Its most recent local addition was a Planet Fitness in East Pennsboro Township
Georgia-based Argonne formed National Fitness Partners when it teamed up last April with the Kindler family, the local Planet Fitness franchisee, and marketing executive Julie Morrison. The Kindler family opened a Planet Fitness gym in 2005 in Central Pennsylvania and eventually grew to 10 locations.
Frank Kindler, president of National Fitness Partners, said he's hoping the Carolina deal is the beginning of more growth for the company.
"With these newly acquired clubs and the continued financial support of Argonne, we look forward to further expanding the Planet Fitness brand in the Carolinas and beyond," he said.
The company's 23 clubs are spread between Pennsylvania, Delaware, North Carolina and South Carolina.
National Fitness Partners plans to retain its local headquarters, officials said. After the acquisition, the company plans to maintain an office in Charlotte to support the new clubs.
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Ronin May 21, 2017 11:55 am
Congats, I guess!?! As a long time member at PF in Paxtonia I would have preferred to see further investment in better quality staff and practices to keep the local facility and equipment cleaner (particularly wipe downs during peak flu seasons) and have someone avail, and accountable, when a member/customer has issues and concerns to address locally.
Im a Black Card member that travels extensively in the northeast and this location pales by comparison to the many other facilities utilized.
Remember the old adage, walk before you run....take better care of the folks that you already have before trying to pursue more just for the sake of growth and increased revenue.