PE-backed Excel Fitness appoints CEO

Bouchard joined Excel in 2018 when the Planet Fitness franchise that he founded was acquired.

Excel Fitness, a Texas-based Planet Fitness franchisee, has named CJ Bouchard as CEO. Bouchard joined Excel in 2018 when the Planet Fitness franchise that he founded was acquired. Excel Fitness is a portfolio company of Altamont Capital Partnersr.

PRESS RELEASE

AUSTIN, TX – Excel Fitness, one of the country’s largest Planet Fitness franchisees, announced today that CJ Bouchard has been named Chief Executive Officer. Mr. Bouchard has worked in the Planet Fitness system since 2006. He joined Excel in 2018 when the Planet Fitness franchise that he founded was acquired. While with Excel, he has served as both President and Chief Operating Officer. Mr. Bouchard has also been instrumental to Planet Fitness as an active member of the Planet Fitness Independent Franchise Council. Excel co-founder Mike Turner will transition from CEO to his new role as Chairman of the Board. Excel has been a portfolio company of Altamont Capital Partners since 2016.

“This is an exciting time for Excel Fitness and I am looking forward to working with Mike, Altamont, and the Board to execute our plan to grow in the months and years ahead,” CJ Bouchard said. “Thanks to the strength of our entire team and the Planet Fitness brand, we are experiencing rapid member growth and an accelerating number of new locations to open in the coming months. Excel has incredible momentum and we are positioned to set the pace for near- and long-term growth in the fitness industry while creating an outstanding work environment and workplace culture for our employees.”

“We’ve been very fortunate to build something incredible at Excel Fitness while remaining steadfast to our mission and core values,” Mike Turner said. “CJ has been an important part of our team as we’ve continued to scale what we view as a highly differentiated platform. He will continue to do great work advancing Excel Fitness and I look forward to maintaining our close relationship as I transition to a new role as Chairman of the Board.”

Excel Fitness began its partnership with Altamont Capital Partners in 2016. At the time, Excel operated 18 Planet Fitness locations in Austin and Dallas. Today, Excel Fitness operates more than 80 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia. It was named the 2019 Franchisee of the Year by Planet Fitness.

About Excel Fitness Holdings
Excel Fitness Holdings is a leading Planet Fitness franchise group based in the Austin area with over 80 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia. Excel Fitness has built a team culture that focuses on elevating the member experience by developing exceptional health clubs and delivering world-class customer service. The team is passionate about building communities through fitness and supporting their local markets through employment and memberships opportunities that positively impact lives.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, consumer/retail, and industrials.