PE Deals

Sentinel buys Anytime Fitness franchisee Bandon

Bandon is an operator of 213 Anytime Fitness clubs and has more than 140,000 members.

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  • Founded in 2002 Anytime Fitness is a gym franchise, with more than 5,200 clubs in nearly 40 countries and territories
  • In its 27 years, Sentinel has invested in 14 franchisors and 3 franchisees across a wide range of industries, including restaurants, healthcare, and consumer retail
  • Sentinel targets mid-market businesses

Sentinel Capital Partners has acquired Austin-based Bandon Holdings, an Anytime Fitness franchisee in the Anytime Fitness. No financial terms were disclosed.

Bandon is an operator of 213 Anytime Fitness clubs and has more than 140,000 members.
Anytime Fitness, founded in 2002 and headquartered in Woodbury, Minnesota, is a fitness company and gym franchise, with more than 5,200 clubs in nearly 40 countries and territories.

“We look forward to the opportunity to partner with the Bandon team as they continue to expand through new development and a proven acquisition strategy,” said Marc Buan, principal at Sentinel, in a statement. “Bandon’s talented management has developed an impressive growth model over the past decade and its robust acquisition pipeline is highly actionable.”

In its 27 years, Sentinel has invested in 14 franchisors and 3 franchisees across a wide range of industries, including restaurants, healthcare, and consumer retail. Recent franchising investments include American West Restaurant Group, a franchisee of Pizza Huts; Vital Care, a franchisor of infusion therapy clinics; and The Recreational Group, the franchisor of Purchase Green artificial grass and lawn retail stores.

Sentinel specializes in buying and building midmarket businesses in the U.S. and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million.