Private equity firm ClearLight Partners announced today that it has sold
Taymax Group Holdings, LLC (Taymax) to Trilantic North America for an
Headquartered in Salem, New Hampshire, Taymax is one of the largest and
fastest-growing franchisees in the Planet Fitness system. Taymax owns
and operates more than 50 Planet Fitness clubs in the greater San
Antonio, Corpus Christi, Nashville, Pittsburgh, Sacramento, Toronto and
Ottawa regions. Planet Fitness is one of the largest and fastest-growing
franchisors and operators of fitness centers in the United States by
number of members and locations. Its mission is to enhance people’s
lives by providing a high-quality fitness experience in a welcoming,
non-intimidating environment, which it calls the Judgement Free Zone®.
ClearLight invested in Taymax in 2013 and, in partnership with Taymax’s
management team, supported the growth of the company. During
ClearLight’s ownership, Taymax grew from 12 to over 50 Planet Fitness
clubs and became a leading franchisee, being recognized as Franchisee of
the Year and twice as Developer of the Year. “Taymax achieved fantastic
success because of its talented, committed team and the strength of the
Planet Fitness model. The Taymax team is exceptionally hard working and
a great group of people to work with. It was very rewarding to have an
exceptional outcome and genuinely have fun with the management team
along the way,” said Josh Mack, a Partner at ClearLight.
“ClearLight made us a better company. They provided the support we
needed to grow from 12 to 52 clubs in less than 5 years. I’m thankful
for their guidance – Taymax is well positioned to continue growing as a
result,” said Tim Kelleher, President of Taymax. “I’m excited to
continue leading Taymax and bring the Judgement Free Zone® to
more and more communities.”
“We are very proud of Tim Kelleher, the rest of the team at Taymax and
of their many accomplishments. We look forward to seeing Tim and Taymax
achieve continued success under Trilantic North America’s ownership,”
commented Michael Kaye, Managing Partner of ClearLight.
ClearLight was advised by Harris Williams and Kirkland & Ellis, LLP.
About ClearLight Partners
ClearLight Partners is a private equity firm in Southern California that
invests in established, profitable middle-market companies with
significant growth potential. Since inception, ClearLight has raised
$900 million in capital across three funds from a single limited
partner. The team at ClearLight has extensive operating and financial
experience and has a history of successfully partnering with owners and
management teams to drive growth and create value.
For more information, please visit www.clearlightpartners.com.
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