Eagle Merchant Partners and JLM Financial Partners ink United Planet Fitness JV
Nov, 14 2016 | Eagle Merchant Partner | NEWS

Add “Austin, TX (November 14, 2016) – Eagle Merchant Partners, a private equity firm, and JLM Financial Partners, an Austin, Texas-based investment firm, have formed United PF Partners, an Austin-based Planet Fitness franchisee joint venture. No financial terms were revealed.

The joint venture will have 59 operating clubs in nine states. The equity investments from Eagle and JLM will provide capital to fuel club level improvements, organic growth through the development of new clubs, and continue to build out the management team, systems and infrastructure to support the expanding organization.

Financing for United PF was jointly led by co-agents and co-lead arrangers, Goldman Sachs Specialty Lending Group and AB Private Credit Investors. Antares was also a co-lead arranger.