29 Aug Riveria Investment Group Successfully Exits Taymax Fitness Holdings, LLC
New York, NY – August 28th, 2018 – Riveria Investment Group, in partnership with ClearLight Partners, announced today that they have sold Taymax Fitness Holdings, LLC to Trilantic Partners.
Headquartered in Salem, New Hampshire, Taymax is one of the largest and fastest-growing franchisees in the Planet Fitness system. Over the 5 year holding period, in partnership with Taymax’s management team, Riveria helped the franchise grow from 12 to over 50 Planet Fitness clubs. Locations include greater San Antonio, Corpus Christi, Nashville, Pittsburgh, Sacramento, Toronto and Ottawa regions.
About Riveria Investment Group:
Riveria Investment Group, headquartered in New York, NY, is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s private equity efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments. Riveria Investment Group’s website is: www.riveriagroup.com
About Trilantic:
Trilantic Capital Partners is a private equity firm focused on opportunities throughout North America and Western Europe. Trilantic generally invests in large businesses with ‘strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices’. Sectors of interest include business services, consumer, energy, and financial services. The Firm’s target investment size is $50 to $250 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic was formed in 2009 through the buyout of Lehman Brothers’ private equity business. The Firm is based in New York City.