ECP-PF Holdings Group, Inc., a Planet Fitness franchisee with over 90 Planet Fitness locations across the U.S. and Canada, has announced that it acquired seven Planet Fitness locations in the Knoxville and Chattanooga markets, including a location in Fort Oglethorpe. These locations, which were previously held by Meridian Enterprises, will remain open and fully operational.
Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by providing affordable memberships in a relaxed Judgement Free atmosphere that allows people of all fitness levels the opportunity to reach their fitness goals, said officials.
ECP-PF Holding Group, Inc’s CEO, David Humphrey said, “We’re excited about the opportunity to expand our company’s footprint further throughout the country. This acquisition allows us to build upon successful locations, continuing to provide a safe place to work out with state-of-the-art equipment, free fitness training, and the wonderful amenities of the Planet Fitness Black Card Spa, which include hydromassage beds, tanning, red light therapy and more.”
ECP-PF Holdings Group, Inc’s Senior Vice President of Operations Joe Pepe Jr. said, “We continue to be committed to providing an exceptional customer experience through our clean and comfortable Judgement Free Zone, and maintaining our status of being the fitness choice in each community that we serve.”
Meridian Enterprises’ financial advisor was FIDUS Partners, LLC, a mergers & acquisitions advisory firm focused on middle market companies.