The McLean Group Advises Impact Fitness on its Partnership with Bain Capital Double Impact
MCLEAN, VA – August 1, 2017 – Impact Fitness, a leading Planet Fitness franchisee, has partnered with Bain Capital Double Impact, LP”, the impact investing strategy of Bain Capital. The McLean Group’s franchising practice served as the exclusive advisor to Impact Fitness. Terms of the transaction were not disclosed.
Impact Fitness addresses key barriers to health and wellness by providing access to health clubs at affordable prices in underserved communities, operating 13 health clubs throughout Michigan and northern Indiana. Consistently ranked among the best operators, Impact Fitness is a top franchisee in the Planet Fitness system and was named the top performing franchisee on “Brand Excellence Rating” out of more than 200 franchisees in 2016.
Founded in 1992, Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the US by number of members (10 million) and locations (1,300). More than 90% of Planet Fitness clubs are owned and operated by independent franchisees.
Bain Capital is one of the world’s leading private investment firms with approximately $75 billion of assets under management. Bain Capital Double Impact utilizes Bain Capital’s operational capabilities to help mission-oriented companies achieve scalability, and successful companies to maximize mission potential. This strategy is designed to deliver both competitive financial returns and measurable social and environmental good.
Impact Fitness’ CEO, Chris Klebba, said, “We were in a unique position of having gone through the process of attempting to find the best partner for our Company twice. The first time was on our own, and for the second process, we engaged The McLean Group to help us. Having recently concluded the transaction process, and having found a partner who we believe is the absolute perfect fit for the Company, I can look back and recommend The McLean Group to anyone. They were thorough, respectful and patient, and I really cannot imagine having to go through this process without them on our team!”
The transaction is one of the largest investments made to date within the Planet Fitness franchise system. The McLean Group’s franchising practice continues to be active within the network.
ABOUT THE MCLEAN GROUP
The McLean Group’s franchising practice provides a full range of M&A advisory and capital-raising services to franchisors and multi-unit franchisees.
The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. Our investment banking advisory and valuation services are built on comprehensive industry knowledge, extensive transaction experience, senior-level attention to every client engagement, and a real-time understanding of industry-specific value drivers. By partnering with clients and providing strategic advice through every phase of a company’s development, The McLean Group is uniquely positioned to support our clients’ long-term success.