Peter Taunton says he will continue his roles as president and CEO of Snap Fitness after the company sells its private equity stake. The transaction is expected within the next 30 days. Photo courtesy of Snap Fitness.
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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