Atlantic Street Capital Announces Significant Investment in Planet Fit Indy 10 LLC

STAMFORD, Conn., March 14, 2017

Atlantic Street is partnering with Mike Campagnolo, Chief Executive Officer of PF Indy, who will retain a significant stake in the new company and lead the company's growth as CEO.  Founded in 2010, PF Indy is headquartered in Indianapolis and operates franchised Planet Fitness health clubs, one of the largest and fastest-growing franchisors and operators of fitness centers.

Andy Wilkins, Atlantic Street's Managing Partner, said, "The management team at Planet Fitness Corporate is truly remarkable in the ability to manage a brand and partner with its franchise base.  Combine that with a strong operator like Mike Campagnolo and the success speaks for itself.  We look forward to being a strong financial partner to Mike and working tirelessly to be a top performer."

Mr. Campagnolo, said, "Atlantic Street is the perfect partner for us as they share the same vision for our company.  I was impressed by Atlantic Street's successful multi-unit retail experience consolidating and scaling businesses within the Verizon and Jimmy John's systems.  Planet Fitness offers a compelling value proposition and its model is very attractive to members who want the benefits of a first-class gym but in a non-intimidating environment.  I look forward to working with Atlantic Street to continue our steady growth beyond Indianapolis."

This is the first platform investment since Atlantic Street raised its Fund III last year with $210.5 million in capital commitments.

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