Atlantic Street Capital has made an undisclosed investment in Planet Fitness (NYSE: PLNT) franchise operator Planet Fit Indy 10 LLC. The target's CEO, Mike Campagnolo, will have a stake in the company and remain in his role.
Planet Fit operates Planet Fitness franchises in Indianapolis. The company, based in Indianpolis, will use the investment to expand geographically, particularly throughout the Midwest. “Atlantic Street is the perfect partner for us as they share the same vision for our company," Campagnolo said.