Alaris Equity Partners Income Trust strategically recapitalizes its investment in Ohana Growth Partners, enhancing control and growth prospects through a significant financial partnership.

Target Information

Ohana Growth Partners, LLC, founded in 2008, stands as a prominent franchisee of the Planet Fitness® brand, which is among the largest fitness franchise systems in the United States. Operating over 80 fitness clubs across Maryland, Tennessee, Florida, the District of Columbia, Washington State, and California, Ohana has established itself as a leader in the high-value, low-price fitness segment. The company enjoys area development agreements that allow for the opening of over 50 additional Planet Fitness® clubs in its operational regions. Over the years, Ohana has evolved into one of the largest founder-led franchisees within the Planet Fitness® network, bolstered by a seasoned management team focused on sustained growth.

Industry Overview

The fitness industry in the United States has experienced significant transformation, particularly in recent years as consumer awareness of health and fitness continues to rise. The growth of budget-friendly membership options has revolutionized access to fitness facilities, making it more appealing to the average consumer. Brands like Planet Fitness® have capitalized on this trend, offering low-cost memberships that attract a broad demographic.

In addition to accessibility, the industry has seen an increase in the integration of technology within fitness clubs. This includes online workout programs, virtual classes, and mo