Crunch Fitness Announces Strategic Investment from Leonard Green & Partners
Leading Fitness Brand Welcomes New Investment Partner to Accelerate Growth
NEW YORK, April 15, 2025 /PRNewswire/ — Crunch Holdings, LLC (“Crunch Fitness”), a globally recognized powerhouse in the fitness industry, today announced a strategic investment from Leonard Green & Partners (“LGP”), a leading private equity investment firm. Under the terms of the agreement, LGP will acquire a majority interest in Crunch Fitness from TPG Growth, the middle market and growth equity platform of global alternative asset management firm TPG, and Crunch’s minority shareholders.
Founded in 1989 in New York City’s Greenwich Village, Crunch has grown from a single gym with a unique “No…
