STAMFORD – Olympus Partners has acquired a Planet Fitness franchisee for more than $ 675 million, highlighting one of the busiest-ever periods for the Stamford private equity firm.
The acquisition of Austin, Texas-based Excel Fitness Holdings increases the number of companies to 13 in Olympus’ portfolio. Excel serves nearly 750,000 Planet Fitness members across more than 90 locations that it operates in Austin; Dallas-Fort Worth; Raleigh-Durham, NC; Tulsa, Okla .; northwest Arkansas; and across Virginia. Supported by Olympus, it aims to run more than 100 locations by the end of 2022.