Stephen Kindler Jr. doesn’t want to call his firm’s acquisition of 16 Planet Fitness gyms in Ohio and Pennsylvania, in the middle of the pandemic, a gamble. “But definitely it took some long, hard discussions about how we wanted to continue growing our business,” said Kindler, the 35-year-old president and CEO of National Fitness Partners.
“I’m very familiar with the sellers we worked with; the timing was right. We came up with a fair and equitable transaction for both parties. It was our way of showing conviction” in the “long-term success of our brand.” He said he’s bullish on the