Acquisition Alert: Taymax Group Holdings Acquires Saber Fitness, Planet Fitness Operator
Taymax now operates 150 Planet Fitness locations across North America and intends to expand further
One of the largest Planet Fitness franchisees, Taymax Group Holdings, has acquired Saber Fitness, a Planet Fitness club operator with 27 locations and development rights in California.
The move to acquire Saber Fitness is Taymax’s fifth acquisition since receiving a growth investment from Trilantic North America, a private equity firm, in 2018.
Taymax now has nearly 3,000 team members and has expanded its footprint across North America with 150 Planet Fitness locations.
“Saber has established an impressive business that is trusted by customers and employees across California, and we are confident this addition to our platform will further solidify our commitment to offering members a non-intimidating, high-value, affordable fitness experience,” said Tim Kelleher, co-founder and CEO of Taymax.
The group says it plans to open several new locations in the first quarter of this year with ambitious growth plans for the future.
“This partnership presents a significant growth opportunity for Taymax in attractive markets with favorable demographic trends. We are excited to expand Planet Fitness’ well-respected services to more communities across North America,” Kelleher added.
Planet Fitness has recognized Taymax as Developer of the Year and Franchisee of the Year. The gym franchise has demonstrated its ‘Big Fitness Energy,” recently announcing it has added 1.8 million members and entered 2023 with the launch of 158 new fitness studios, including 14 corporate-owned locations. Chris Rondeau, CEO of Planet Fitness, stated that the company experienced its largest fourth-quarter membership growth on record.
“We are pleased to partner with the Taymax and Trilantic North America teams to support our continued growth and bring state-of-the-art, inclusive fitness clubs to a wider customer base,” said Ryan Gallagher, Partner at Saber Fitness, a former Planet Fitness franchisee.
