Planet Fitness, Inc.
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Planet Fitness, Inc. - overview
Established
1992
Location
-, NH, US
Primary Industry
Travel & Leisure
About
Planet Fitness, Inc. is a prominent fitness center operator based in the US, dedicated to providing affordable gym memberships and fostering a welcoming environment for fitness enthusiasts of all levels. Planet Fitness, Inc. operates fitness centers primarily in the US and internationally.
Founded in 1992, the company has undergone several strategic developments, including raising USD 326. 21 mn in a Private Placement/Follow on in May 2017. The company was founded by Andrew Casson and Irina Razumova, with Alex Rodriguez, Chris Rondeau, Farrukh Zafar, and William Olson leading its current operations. Planet Fitness primarily offers two gym membership types: the PF Black Card® Membership starting at USD 24.
99 per month, and the Classic Membership starting at USD 15 per month. Both options provide access to numerous locations, catering to a wide demographic of fitness seekers. The company operates over 2,700 locations across the United States, Canada, Mexico, Panama, and Australia. For the most recent fiscal year 2024, Planet Fitness reported a revenue of USD 344.
32 mn and an EBITDA of USD 484. 54 mn, primarily generated through membership subscriptions with various pricing tiers, alongside additional fees and promotional initiatives to attract new members. Planet Fitness continues to strategize for growth by developing new initiatives aimed at expanding its market presence. Recent funding from the Private Placement/Follow on in May 2017 will be utilized to enhance their offerings and community engagement.
The company aims to introduce new fitness programs and expand into regions that have shown demand for affordable fitness solutions, although specific new markets and product launch dates have yet to be disclosed.
Current Investors
York Capital Management
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities
Website
www.planetfitness.com/
Company Stage
Mature
Total Amount Raised
Subscriber access only
Planet Fitness, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Sunshine Fitness Holdings, LLC | - | ||||||||
| Add-on | Completed | iFIT Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Planet Fitness, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Planet Fitness, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Planet Fitness, Inc. | - |
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Planet Fitness, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board Of Directors | BM |
BM Board Member
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