RICHMOND, Va.--(BUSINESS WIRE)--Jan. 6, 2020--
Williams, a global investment bank specializing in M&A advisory
services, announces that it advised United PF Partners (United PF), a
portfolio company of JLM Financial Partners (JLM) and Eagle Merchant
Partners, on its sale to affiliates of American Securities LLC.
Headquartered in Austin, Texas, United PF is the largest and
fastest-growing area developer within the Planet Fitness system. The
transaction was led by Ryan
England and Bernardo Villar of the Harris Williams Consumer
“We are extremely excited to have represented United PF on its sale to
American Securities,” said Ryan Budlong, a managing director at Harris
Williams. “Founder and CEO Trey Owen and his team have built one of the
fastest-growing platforms across the fitness industry and a leading
platform within the Planet Fitness system.”
“This transaction marks another marquee transaction in the fitness
sector for Harris Williams,” said Zach England, a vice president at
Harris Williams. “We continue to see incredible appetite across the
buyer community to invest in the fitness industry.”
Headquartered in Austin, Texas, United PF serves more than 1 million
members across more than 160 locations in 14 states. United PF was
founded in November 2016 through the consolidation of five leading
Planet Fitness franchisee groups. It has nearly tripled its club count
through a successful organic and M&A growth strategy.
Planet Fitness is one of the largest and most prolific franchisors of
fitness centers in the United States. As of September 30, 2019, Planet
Fitness had more than 14.1 million members and 1,899 clubs in the 50
states, the District of Columbia, Puerto Rico, Canada, the Dominican
Republic, Panama and Mexico. The company’s mission is to enhance
people’s lives by providing a high-quality fitness experience in a
welcoming, non-intimidating environment, called the Judgment Free Zone®.
JLM is a private investment firm based in Austin, Texas. JLM focuses on
multi-unit and scalable businesses with strong management teams and has
a primary focus on companies in health and wellness, beauty,
lifestyle/entertainment and recreation.
Eagle Merchant Partners is an Atlanta, Georgia-based private equity firm
focused on lower-middle market companies in the multi-unit consumer, and
industrial and related service sectors primarily in the Southeastern
United States. The partnership is one of the most experienced private
equity investors in the region, investing over $1.2 billion in 18
companies with more than $1.5 billion in revenues.
Based in New York with an office in Shanghai, American Securities is a
leading U.S. private equity firm that invests in market-leading North
American companies with annual revenues generally ranging from $200
million to $2 billion and/or $50 million to $250 million of EBITDA.
American Securities and its affiliates have approximately $23 billion
Williams, an investment bank specializing in M&A advisory services,
advocates for sellers and buyers of companies worldwide through critical
milestones and provides thoughtful advice during the lives of their
businesses. By collaborating as one firm across Industry Groups and
geographies, the firm helps its clients achieve outcomes that support
their objectives and strategically create value. Harris Williams is
committed to execution excellence and to building enduring, valued
relationships that are based on mutual trust. Harris Williams is a
subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals, including
branded consumer products; consumer services; food, beverage and
agribusiness; and restaurant and retail. For more information on the
Harris Williams Consumer Group and other recent transactions, visit the Consumer
Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA
and SIPC. Harris Williams & Co. Ltd is a private limited company
incorporated under English law with its registered office at 5th Floor,
6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar
of Companies for England and Wales (registration number 07078852).
Harris Williams & Co. Ltd is authorized and regulated by the Financial
Conduct Authority. Harris Williams & Co.Corporate Finance Advisors GmbH
is registered in the commercial register of the local court of Frankfurt
am Main, Germany, under HRB 107540. The registered address is
Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email
Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No.
DE321666994). Harris Williams is a trade name under which Harris
Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co.Corporate Finance Advisors GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate brand
manager, at +1 (804) 915-0179.
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Source: Harris Williams
Katie Langemeier, associate brand manager, +1 (804) 915-0179