Market Overview

Trilantic North America Acquires Majority Stake in Taymax Group Holdings, LLC

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Trilantic North America, a leading private equity firm, today announced
that it has acquired a majority interest in Taymax Group Holdings, LLC
("Taymax" or the "Company"), one of the largest Planet Fitness
franchisees with more than 50 club locations across the United States
and Canada. Trilantic North America invested in partnership with
Taymax's co-founders, including CEO Tim Kelleher, and other key members
of management.

Taymax was founded in 2009 with the acquisition of one club in the San
Antonio market. Since then, the Company has grown organically to 52
clubs across the greater San Antonio, Nashville, Pittsburgh, Sacramento,
Toronto and Ottawa markets. Taymax has been recognized as the Planet
Fitness system Developer of the Year in two of the last three years and
Franchisee of the Year in 2018.

Planet Fitness, one of the fastest-growing health club franchises in the
country, is known for providing a high-quality, low-price fitness
experience in a welcoming, non-intimidating environment, called the
Judgement Free Zone®. As of March 31, 2018, Planet Fitness had
approximately 11.8 million members and more than 1,565 stores in 50
states, the District of Columbia, Puerto Rico, Canada, the Dominican
Republic and Panama.

"Tim has done a remarkable job building Taymax into one of the premier
franchisees in the Planet Fitness system and has assembled an impressive
management team to support the continued growth of the platform," said
Grant Palmer, Partner at Trilantic North America. "We are excited to
partner with the management team through the next phase of the Company's
development, and believe that Taymax and the broader Planet Fitness
system will continue to benefit from secular trends around health and
wellness, a key theme across several of Trilantic North America's
consumer investments."

"We look forward to working with the Trilantic North America team, whose
success in collaborating with founders and entrepreneurs makes them an
ideal partner to execute our shared vision," said Mr. Kelleher. "We are
excited to drive continued growth by both investing in our current clubs
and expanding the Taymax footprint in new and existing markets."

Harris Williams acted as the exclusive financial advisor to Taymax on
the transaction and Kirkland & Ellis LLP served as its legal advisor.
Kirkland & Ellis LLP provided legal advice to Trilantic North America.

About Trilantic North America

Trilantic Capital Management L.P. ("Trilantic North America") is a
private equity firm focused on control and significant minority
investments in North America. Trilantic North America's primary
investment focus is in the business services, consumer, and energy
sectors. Trilantic North America currently manages six private equity
fund families with aggregate capital commitments of $8.4 billion. For
more information, visit www.trilanticnorthamerica.com.

About Taymax Group Holdings, LLC

Founded in 2009, Taymax is one of the largest and fastest growing
franchisees within the Planet Fitness system. The Company has been
recognized as Planet Fitness Developer of the Year in two of the last
three years and Franchisee of the Year in 2018. Taymax operates 52
Planet Fitness health clubs in the greater San Antonio, Nashville,
Pittsburgh, Sacramento, Toronto and Ottawa regions. The Company is very
active in community work in its markets, donating to organizations such
as the Boys and Girls Clubs of America, the San Antonio Food Bank and
other important local causes.

About Planet Fitness

Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and
fastest-growing franchisors and operators of fitness centers in the
United States by number of members and locations. As of March 31, 2018,
Planet Fitness had approximately 11.8 million members and more than
1,565 stores in 50 states, the District of Columbia, Puerto Rico,
Canada, the Dominican Republic and Panama. Planet Fitness's mission is
to enhance people's lives by providing a high-quality fitness experience
in a welcoming, non-intimidating environment, which we call the
Judgement Free Zone®. More than 95% of Planet Fitness stores are owned
and operated by independent business men and women.

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