Taymax Group Holdings Acquires Saber Fitness
Taymax Group Holdings completed the acquisition of Saber Fitness, a franchisee with 27 Planet Fitness locations across the Greater Los Angeles, Inland Empire, San Jose, and East Bay regions of California. Taymax was 12 units in 2013 and is now at 150 units only 13 years later.
About Riveria Investment Group
Riveria Investment Group, headquartered in New York, NY, is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s private equity efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments. Riveria Investment Group’s website is: www.riveriagroup.com
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely low prices and a unique, friendly, and hassle-free environment called the Judgement Free Zone®. Planet Fitness has approximately 700 locations nationwide and has grown to more than 4.5 million members. The company prides itself on giving people an unbeatable value, top-notch facilities, and an atmosphere that focuses on the needs of occasional or first-time gym users rather than hard-core fitness fanatics. All Planet Fitness clubs feature a wide selection of brand-name cardio and strength equipment, and provide unlimited fitness instruction with all memberships. Planet Fitness is a national brand partner of NBC’s The Biggest Loser®. For more information, visit:
www.planetfitness.com