Sentinel Capital Partners, a private equity firm, has acquired Bandon Holdings, the largest franchisee in the Anytime Fitness family.
Bandon has more than 140,000 members and operates 213 Anytime Fitness clubs in small, suburban markets.
“We look forward to partnering with the Bandon team as they continue to expand through new development and a proven acquisition strategy,” said Marc Buan, principal at Sentinel. “Bandon’s talented management has developed an impressive growth model over the past decade, and its robust acquisition pipeline is highly actionable.”