ORIX Mezzanine & Private Equity is pleased to announce an equity investment in United PF Partners with Eagle Merchant Partners.
In collaboration with management and its partners, Eagle Merchant Partners has formed United PF Partners (“United PF”), the largest Planet Fitness (NYSE:PLNT) franchisee in the U.S. with 59 locations operating in nine states. United PF operates in the $30 billion fitness club industry. Planet Fitness, home of the Judgment Free Zone, with more than 1,200 clubs and over 8 million members, targets the 83 percent of the U.S. population who do not have health club memberships by focusing on a great customer experience at a tremendous value. The investment in United PF will provide capital to fuel club-level improvements, the development of new clubs and the continued expansion of the management team.