---
title: "Flynn Group Triples Planet Fitness Portfolio in 98-Club Acquisition"
url: https://burnaze.com/article/6db72f0b-7c1f-46d7-b207-743ad52097f1
source: "Athletech News"
original_url: https://athletechnews.com/flynn-group-triples-planet-fitness-portfolio-in-98-club-acquisition/
author: "Courtney Rehfeldt"
category: "Gym & HVLP"
industry: "Fitness"
segment: "Gym & HVLP"
topics: ["Finance & M&A"]
published: 2026-03-31T21:02:51.000Z
modified: 2026-10-31T14:57:37.506Z
image: https://athletechnews.com/wp-content/uploads/2024/01/PF-1-1.webp
---

# Flynn Group Triples Planet Fitness Portfolio in 98-Club Acquisition

**TL;DR:** Flynn Group has acquired 98 Planet Fitness clubs from Grand Fitness Partners, tripling its Planet Fitness portfolio to 141 clubs across seven states. The deal marks the second major fitness acquisition for Flynn Group, which also owns over 3,000 restaurants spanning several brands.

*By Courtney Rehfeldt, originally published in Athletech News on 2026-03-31. [Read the original](https://athletechnews.com/flynn-group-triples-planet-fitness-portfolio-in-98-club-acquisition/).*

## Key facts

- Flynn Group acquired 98 Planet Fitness clubs
- Planet Fitness added 1.1 million net new members in 2025
- Flynn Group now owns 141 Planet Fitness clubs

## Story

## Planet fitness acquisition

The group has significantly expanded its Planet Fitness footprint with the acquisition of Grand Fitness Partners, a franchise operator with 98 locations across California, Florida, New Jersey, Pennsylvania and Virginia.

The deal brings Flynn’s total number of Planet Fitness clubs to 141 across seven states and marks the second major fitness deal for Flynn Group, which entered the Planet Fitness system in 2023 through its purchase of Alder Partners and its 37 clubs, establishing Flynn Fitness.

Already the largest franchise operator and third-largest restaurant operator in the U.S., Flynn Group owns more than 3,000 restaurants spanning Applebee’s, Arby’s, Taco Bell, Panera, Pizza Hut and Wendy’s.

“We’re very excited to welcome the Grand Fitness teams and clubs into the Flynn Group family,” Flynn Group founder, chairman and CEO Greg Flynn said. “Health and wellness are on the minds of consumers more than ever before, and fitness is a natural complement to our core restaurant business.”

Planet Fitness CEO Colleen Keating called Flynn Group an accomplished operator and valued franchisee, saying the deal reflects the strength of the brand and the long-term growth potential of the fitness industry.

“We also thank Grand Fitness for more than 15 years as part of the Planet Fitness system and their commitment to expanding access and providing affordable fitness in the communities they served,” she said.

## Industry growth prospects

The high-value, low-price (HVLP) gym giant added 1.1 million net new members and reported $1.3 billion in full-year revenue, up 12.1%, in 2025. Keating recently signaled that GLP-1 users could be the next major untapped membership base, pointing to franchisee-commissioned survey findings that roughly half of people taking a GLP-1 medication consider joining a gym.

“We see positive indicators for continued growth and demand for our offering as GLP-1s become more accessible,” Keating told investors during Planet’s Q4 earnings call last month.

Planet Fitness reported immense success with its new members-only Perks partnership with telehealth platform Ro, which offers GLP-1 prescriptions. Keating called it the most successful program in Planet Fitness history, citing strong downloads and conversion rates.

## Entities

- unit expansion (topic)
- Fitness (sector)
- Athletech News (publication)
- fitness industry (topic)
- Courtney Rehfeldt (person)
- Taco Bell (company)
- Wendy's (company)
- acquisition (topic)
- Pizza Hut (company)
- Planet Fitness (company)
- Arby's (company)
- Applebee's (company)

---
Originally reported by Courtney Rehfeldt, Athletech News (https://athletechnews.com/flynn-group-triples-planet-fitness-portfolio-in-98-club-acquisition/). Summarized by Burnaze (https://burnaze.com/article/6db72f0b-7c1f-46d7-b207-743ad52097f1).