PFGP, founded in 2007, is one of the leading franchisees of Planet Fitness (“PF”) low-cost fitness clubs. Since opening its first club in 2008 in Maryland, PFGP has grown rapidly to 57 locations operated today across five states including Maryland, Tennessee, Florida, Washington D.C. and Washington state.
Bengur Bryan completed a $96 million equity recapitalization by Alaris Royalty Corp. and arrangement of $205 million in new senior debt facilities for PF Growth Partners, LLC (“PFGP”) led by Fifth Third Bank. The transaction provided for new debt and equity growth capital to support the Company’s new club growth across its various development areas, as well as providing liquidity to the Company’s shareholders.