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Harris Williams Advises Excel Fitness Holdings on its Sale to Olympus Partners.

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MANews-(C)2009-2022

US-based investment bank Harris Williams advised US-based Planet Fitness franchisee Excel Fitness Holdings, a portfolio company of Altamont Capital Partners, on its sale to Olympus Partners, the bank said.

Excel Fitness is one of the country's largest Planet Fitness franchisees.

The transaction was led by Ryan Budlong, Zach England and Grant Shin of the Harris Williams Consumer Group.

Excel Fitness is a Planet Fitness franchise group based in the Austin, Texas area with over 90 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia.

Founded in 1992 in Dover, New Hampshire, Planet Fitness is one of the largest franchisors and operators of fitness centers in the United States by number of members and locations.

As of December 31, 2021, Planet Fitness had 15.2m members and 2,254 stores in 50 states, Washington, DC, Puerto Rico, Canada, Panama, Mexico, and Australia.

Altamont is a...

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