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Sunshine Fitness Growth Holdings, an operator of Planet Fitness clubs in the American Southeast, announced on May 31 it acquired two franchise groups representing 31 clubs in Florida, North Carolina and South Carolina. Sunshine Fitness now operates 64 clubs across the region.
As part of the deal, the owners of the acquired clubs—Glenn Dowler, Heather Robinson and Michael Hicks—will join Sunshine Fitness' executive team, according to a media release.
Sunshine Fitness is owned by private equity firm TSG Consumer Partners, San Francisco, which was also the prior majority owner of Planet Fitness. TSG acquired a majority stake in Sunshine Fitness in December 2017.
“Glenn, Michael and their respective teams have done an excellent...