Franchise Equity Partners buys Planet Fitness Australia franchisee Bravo Fit
PLNT•Bravo Fit’s Australia expansion plans
Bravo Fit operates 32 clubs and holds exclusive rights to develop about 100 more across several Australian states and the Australian Capital Territory.
The deal targets more than 135 Planet Fitness clubs across Australia as expansion accelerates under new ownership.
Bravo Fit’s management team will remain in place, and Rob Coombe will become chairman.
Franchise Equity Partners acquires Bravo Fit
Franchise Equity Partners acquired Bravo Fit, Planet Fitness’ Australian franchisee, from shareholders including Planet Fitness, which exited its minority stake.
Financial terms were not disclosed.
