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American Securities acquires Texas-based fitness clubs operator

American Securities LLC acquired Austin, Texas-based United PF Partners LLC from JLM Financial Partners and EMP Management LLC.

American Securities teamed up with United's management team led by CEO and founder Trey Owen. Financial details of the transaction were not disclosed.

United PF is a developer and operator of fitness clubs under the Planet Fitness brand.

Kirkland & Ellis LLP was legal adviser, while Jefferies LLC was a financial adviser to American Securities. King & Spalding LLP was legal counsel, and Harris Williams was financial adviser to United.