Snap Fitness, Chanhassen, MN, is selling the company's private equity stake currently owned by Boston-based Summit Partners. Peter Taunton, founder, CEO and president of Snap Fitness, says a new private equity partner is expected within the next 30 days. Summit Partners purchased a minority equity investment in Snap Fitness in June 2008. "Summit Partners was a good partner," Taunton tells Club Industry. "As the normal course of these private equities, the funds come ...
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