About Planet Fitness Midwest
Planet Fitness Midwest operates fitness clubs under the Planet Fitness brand name. Planet Fitness Midwest currently operates 19 fitness clubs, with plans to grow by 25 to 30 clubs over the next few years. The Company owns the exclusive area development rights to the St. Louis, MO, Cincinnati, OH and Lexington, KY markets.
Latest Planet Fitness Midwest News
Aug 10, 2016
Fifth Third Securities Advises Planet Fitness Midwest on Growth Capital Raise August 10, 2016 09:35 AM Eastern Daylight Time CINCINNATI--( BUSINESS WIRE )--Fifth Third Securities, Inc. served as the exclusive financial advisor to Planet Fitness Midwest on their recent growth capital raise. Together, Fifth Third Bank raised $65 million of senior debt through a syndication+ and Fifth Third Securities, Inc. placed $15 million of subordinated debt++ to facilitate the Company’s considerable growth trajectory. The closing of the transaction re-enforces Fifth Third’s significant presence in the rapidly growing Planet Fitness system, as both a financial advisor and capital provider. Charlie Hurt, Consumer & Retail Investment Banking Managing Director at Fifth Third Securities noted, “Planet Fitness Midwest has demonstrated its ability to locate, build and operate outstanding Planet Fitness clubs. It’s fantastic for both their customers and also for the local communities in which they are entering. The clubs that they have built in Cincinnati and St. Louis over the last year are providing the great Planet Fitness value to thousands of new members, and the new clubs have created over 150 new jobs. This new capital will enable the Company to build many more clubs, serve thousands of additional customers and create hundreds of additional new jobs. The whole Fifth Third team is extremely pleased to have been able to help the Company execute on its growth strategy.” Sam Glassman, Partner at Planet Fitness Midwest added, “We are excited to continue our partnership with Fifth Third to complete one of the largest Planet Fitness franchisee transactions to date. The whole Fifth Third team worked extremely well to execute a complicated transaction that primes us to carry out our growth strategy.” Planet Fitness Midwest operates fitness clubs under the Planet Fitness brand name. Planet Fitness Midwest currently operates 19 fitness clubs, with plans to grow by 25 to 30 clubs over the next few years. The Company owns the exclusive area development rights to the St. Louis, MO, Cincinnati, OH and Lexington, KY markets. Fifth Third Capital Markets provides value-added advice and solutions aimed to support the growth and profitability of middle market and mid-corporate clients. Fifth Third’s Capital Markets services include investment banking++, debt capital markets+, equity capital markets++, financial risk management+ and fixed income sales and trading++. The group has offices in Atlanta, Charlotte, Cincinnati, Chicago, Cleveland, Dallas and Memphis, and provides industry specialization across many sectors including consumer retail, diversified industrials, energy, food, beverage and agribusiness, healthcare, real estate, surface transportation and telecom, media and technology. For additional information about how the capital markets professionals at Fifth Third can help your business, please visit our website . + Services and activities offered through Fifth Third Bank ++ Services and activities offered through Fifth Third Securities, Inc. About Fifth Third Bancorp Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $144 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com . Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC Fifth Third Bank provides access to investments and investment services through various subsidiaries, including Fifth Third Securities, Inc. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc. and insurance products: Are Not FDIC Insured
Planet Fitness Midwest Frequently Asked Questions (FAQ)
Where is Planet Fitness Midwest's headquarters?
Planet Fitness Midwest's headquarters is located at St. Louis.
What is Planet Fitness Midwest's latest funding round?
Planet Fitness Midwest's latest funding round is Debt.
How much did Planet Fitness Midwest raise?
Planet Fitness Midwest raised a total of $80M.
Who are the investors of Planet Fitness Midwest?
Investors of Planet Fitness Midwest include Fifth Third Bank.