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Planet Fitness Franchisee PLNTF Holdings on Block

Portfolio firm Atlantic Road Capital Administration LLC and Planet Health Inc. (PLNT) franchisee PLNTF Holdings are available in the market for a brand new investor, in accordance with two sources aware of the matter.

Like many different private-equity-backed health chains, PLNTF tried to promote itself previous to the pandemic in March 2020, in accordance with one of many sources. The corporate had a take care of a non-public fairness fund that received pulled resulting from Covid shutdowns, the supply added.

Based in 2010, Indianapolis-based PLNTF seemingly has about $50 million to $60 million in Ebitda, one of many sources mentioned.

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