HGGC has sold its Grand Fitness Partners franchise platform to Flynn Group, marking the private equity firm's exit from one of the largest Planet Fitness franchisees in the United States. The transaction concludes HGGC's ownership since its 2021 investment, during which the business expanded significantly through new club openings and strategic acquisitions. Grand Fitness operates 98 fitness clubs across California, Florida, and New Jersey, solidifying its position as a key player within the Planet Fitness system. Monogram Capital Partners, the company's previous majority owner, also exits its remaining stake.

The deal underscores private equity's strategy in scaling consumer-facing platforms through operational expansion and consolidation, while Flynn Group strengthens its global franchise footprint beyond restaurants into fitness. HGGC stated the company is well-positioned for continued growth under new ownership, supported by strong demand for fitness services.