ORIX Private Equity Solutions has successfully completed the sale of portfolio company United PF Partners (“UPF”). Formed in 2016, UPF operates more than 160 Planet Fitness franchisee locations in 14 states, making it the largest Planet Fitness franchisee in the world. UPF’s clubs span multiple regions throughout the United States including the West, Southwest, Midwest, South and Mid-Atlantic.
ORIX Private Equity Solutions invested alongside Eagle Merchant Partners in UPF in November 2016 to establish a collection of 59 Planet Fitness franchisee locations in nine states. Since then, the company has experienced rapid growth organically and through acquisitions that positioned the company for its sale to American Securities LLC.