HGGC has completed the sale of Grand Fitness Partners to Flynn Group, exiting its investment in one of the largest Planet Fitness franchisees in the US.

The transaction marks the end of HGGC’s ownership following its 2021 investment, during which the business expanded significantly through new club openings and strategic acquisitions.

Grand Fitness Partners operates 98 fitness clubs across multiple states, including California, Florida, and New Jersey, positioning it as a key player within the Planet Fitness franchise system.

The deal also sees Monogram Capital Partners, the company’s previous majority owner, exit its remaining stake.

“Since HGGC partnered with Grand Fitness Partners in 2021, the Company has grown meaningfully through a combination of new club openings and strategic acquisitions, solidifying its position as one of the largest franchisees in the Planet Fitness system – all while maintaining the welcoming, high-quality, and judgment-free experience that defines the brand,” said HGGC.

The transaction highlights private equity’s role in scaling consumer-facing platforms through operational expansion and consolidation strategies.

For Flynn Group, the acquisition further strengthens its position as a leading global franchise operator, with a portfolio spanning restaurants and fitness brands.

HGGC said the company is well-positioned for continued growth under new ownership, supported by strong demand for fitness and wellness services.

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