Ownership profile
Who owns Planet Fitness?
Planet Fitness is a publicly traded company on the New York Stock Exchange (ticker: PLNT); it was previously majority-owned by private equity firm TSG Consumer Partners from 2012 until TSG fully exited its stake in May 2017 — there is no current PE ownership.
Ownership profile
Planet Fitness
Planet Fitness, Inc.
Evidence (9)
Planet Fitness, Inc. (NYSE: PLNT) is confirmed as a public company with a current market cap of approximately $4.13 billion as of June 30, 2026.
https://pitchbook.com/profiles/company/55520-74Planet Fitness, Inc. is listed on the NYSE under ticker symbol PLNT and has been publicly traded since its IPO on August 6, 2015.
https://en.wikipedia.org/wiki/Planet_FitnessThe legal parent entity is Planet Fitness, Inc., whose franchisor subsidiary is Planet Fitness Franchising LLC, operating through the intermediate holding company Pla-Fit Holdings, LLC.
https://www.franchisedirect.com/fitnessfranchises/planet-fitness-franchise-12988/ufoc/TSG Consumer Partners acquired a majority stake in Planet Fitness in November 2012, held it through the August 2015 IPO, and fully exited its position in May 2017.
https://www.tsgconsumer.com/news/tsg-consumer-partners-completes-investment-in-sunshine-fitness-management-llcTSG Consumer Partners' own portfolio page confirms: 'Following Planet Fitness's IPO in 2015 and our subsequent exit in 2017...' confirming full PE exit.
https://www.tsgconsumer.com/health-wellness/planet-fitnessAt IPO, Planet Fitness completed an offering of 15,525,000 shares at $16.00 per share, generating $248.4 million in gross proceeds; it was described as a portfolio company of TSG Consumer Partners at the time.
https://www.rwbaird.com/transactions/investment-banking/dealcard/4807/The SEC S-1 filing confirms the corporate structure: Planet Fitness, Inc. is the sole managing member of Pla-Fit Holdings, LLC, consolidating its financial statements, with pre-IPO equity owners referred to as 'Direct TSG Investors.'
https://www.sec.gov/Archives/edgar/data/1637207/000119312515230459/d888681ds1.htmInstitutional investors including BlackRock and Vanguard Group are among the largest current shareholders, consistent with broad public float ownership; no PE firm holds a controlling stake.
https://www.dcfmodeling.com/blogs/history/plnt-history-mission-ownershipPlanet Fitness operates as a franchisor; individual gym locations are predominantly owned by independent franchisees, not the public parent company.
https://www.planetfitnessinfo.com/who-owns-planet-fitness/What's uncertain
- The franchise flag applies at the individual-location level: while Planet Fitness, Inc. (the franchisor/brand) is public, individual gym locations are typically owned by separate franchisees whose own ownership structures were not investigated here.
- TSG Consumer Partners' full exit in May 2017 is confirmed by TSG's own press release and portfolio page; no subsequent PE acquisition of the public parent has been identified.
- Institutional ownership data (BlackRock, Vanguard) reflects passive index/fund investing, not private equity control.
- Planet Fitness stock fell approximately 30% in May 2026 after guidance cuts; the company remains publicly traded as of the investigation date (2026-07-04).