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National Fitness Partners Acquires 12 Clubs from Planet Fitness Franchisee | Business Wire

HARRISBURG, Pa. & CHARLOTTE, N.C. & ATLANTA--(BUSINESS WIRE)--Argonne Capital Group, LLC (“Argonne Capital” or “Argonne”) today announced that its portfolio company, National Fitness Partners (“NFP” or the “Company”), has acquired 12 Planet Fitness clubs operating in the Charlotte, NC metro area from GNT Holdings, LLC (“GNT”). This acquisition more than doubles the footprint of the Company, which will now operate 23 clubs in Pennsylvania, Delaware, North Carolina and South Carolina. NFP’s headquarters will remain in Harrisburg, PA, but the Company plans to maintain an office in Charlotte to support the newly acquired clubs.

Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of March 31, 2017, Planet Fitness had more than 10 million members and more than 1,300 stores in 48 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®.

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