Taymax, one of the largest Planet Fitness franchisees with more than 50 locations across Canada and the U.S., has been acquired by private equity firm Trilantic North America.
Trilantic aims to consolidate the Planet Fitness platform, as well as expand with organic growth into new and existing locations across the continent. As such, the firm has invested in partnership with Taymax’s co-founders, including CEO Tim Kelleher and other key members of management.
“We look forward to working with the Trilantic North America team, whose success in collaborating with founders and entrepreneurs makes them an ideal partner to execute our shared vision,” said Kelleher. “We are excited to drive continued growth by both investing in our current clubs and expanding the Taymax footprint in new and existing markets.”
“Tim has done a remarkable job building Taymax into one of the premier franchisees in the Planet Fitness system and has assembled an impressive management team to support the continued growth of the platform,” said Trilantic North America partner Grant Palmer. “We are excited to partner with the management team through the next phase of the company’s development.”