PALO ALTO, Calif., April 01 –HGGC, a values-driven, partnership-focused middle-market private equity firm with over $10 billion in AUM (as of December 31, 2025), announced today that it has completed the sale of its portfolio company Grand Fitness Partners (the “Company”), to Flynn Group. As part of the transaction, Monogram Capital Partners, the Company’s previous majority owner prior to HGGC’s 2021 investment, also exited its remaining position. Terms of the transaction were not disclosed.
Founded in 2010 and headquartered in Coral Springs, Florida, Grand Fitness Partners operated a rapidly expanding portfolio of Planet Fitness gyms across multiple states, including California, Florida, New Jersey, Pennsylvania, and Virginia. With 98 clubs, the Company’s mission was focused on promoting accessible, high-quality fitness and wellness experiences in a welcoming, non-intimidating Judgement Free environment.
“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. “Our collaboration with the Grand Fitness Partners team underscores HGGC’s partnership-focused approach to building value together. We believe the Company is well-positioned for continued success as part of Flynn Group and within a fitness category that continues to benefit from today’s evolving wellness trends.”
