MFA Advises Planet Fitness Franchisee Alder Partners in Acquisition of PollyDot
We are pleased to announce that Alder Partners LLC, a growing independent franchisee of Planet Fitness, recently completed the acquisition of PollyDot, Inc. MFA represented Alder Partners in the acquisition process and provided consulting and buy-side advisory services. Terms of the transaction were not disclosed.
Alder Partners has experienced significant growth in recent years, and with its PollyDot acquisition, now has 32 Planet Fitness clubs open or in presale in the U.S. Planet Fitness was recently named one of the fastest-growing franchises in the U.S. by 24/7 Wall Street.
MFA’s Transaction Advisory Practice provides a full-spectrum of advisory services to family-owned and closely-held businesses on both the buy-side and sell-side. The Firm has previously provided M&A advisory services to a number of Planet Fitness franchisees, including Southfit Holdings, Anchor Fitness and New England Fitness, among others.
Stanley DeMartinis, Jr., Managing Partner at Alder Partners, said of the transaction process, “MFA was a valued strategic partner from start to finish. We appreciated their sound guidance and the way they were able to tackle the subtle nuances of the transaction.”
“Anytime we can help a customer fulfill their ambitions, we’re privileged to partake,” said Will Andronico, Lead Partner, Transaction Advisory at MFA. “It was an honor to support Alder through this transaction, and we congratulate them on continued success within the rapidly-growing Planet Fitness space.”
Material discussed in this communication is meant to provide general information and should not be acted on without obtaining professional advice tailored to you or your company’s individual and specific needs. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used by any person or entity, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This information is for general guidance only and is not a substitute for professional advice.
The information contained herein should not be construed as personalized investment advice. Investment in securities involves the risk of loss, and past performance is no guarantee of future results. There is no guarantee that the views and opinions expressed in this document will come to pass. Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. There can be no assurances that your portfolio will match or outperform any particular benchmark.
Information presented is believed to be factual and up-to-date; however, MFA makes no guarantee as to accuracy, completeness, suitability, or validity of any information within this communication and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages from its display or use. Any forward-looking statements are believed to be reasonable; however, MFA gives no assurance that such expectations will prove to be correct.