The MFA Companies Announces the Sale of New England Fitness to Centre Partners
TEWKSBURY, Mass., May 7, 2019 /PRNewswire/ -- The MFA Companies® is pleased to announce that New England Fitness and affiliates, now doing business as One World Fitness PFF, LLC, was recently acquired by Centre Partners, a leading middle market private equity firm. MFA was the sole financial advisor providing consulting and advisory services to New England Fitness. Terms of the transaction were not disclosed.
One World Fitness is a franchise operating within the Planet Fitness enterprise with 18 locations in the Philadelphia metropolitan and New Jersey markets. This marks the second recent transaction for MFA in the Planet Fitness franchise space, with the team having previously acted as exclusive financial advisor to Anchor Fitness in its sale to private equity-backed Sunshine Fitness.
Bill Fidler, founder of New England Fitness said, "MFA's expertise is effortlessly displayed within each of their disciplines, but when combined, they work perfectly in synergy to deliver an in-depth analysis for a business that effectively guides it in achieving its desired outcome."
"Guiding franchises through the ins and outs of a transaction is a role we take great pride in, and we're thrilled we were able to support New England Fitness throughout this process," said Bill Duratti, Partner at The MFA Companies. "We have no doubt the new relationship between these two parties will accelerate the growth of the Planet Fitness enterprise and position the business for even greater success in the years to come."
About The MFA Companies®
The MFA Companies is a national business consulting and financial advisory firm serving high-growth, entrepreneurial organizations and individuals. We offer distinct and impactful solutions that separate conventionally-run businesses from forward-looking, strategic enterprises. Our Firm has deep roots in the financial services industry and employs over 170 business and financial professionals. Our primary focus is supporting and growing the financial vitality of our customers and their businesses. Visit www.themfacompanies.com to learn more.
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SOURCE The MFA Companies
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