Leonard Green & Partners
“Your dental chain, your gym, and your car wash. All connected by one firm you've never heard of — plus one craft store they couldn't save.”
Leonard Green & Partners currently owns 2 consumer brands we track, including Crunch Fitness and Mister Car Wash, across 2 categories. It has since exited 5 more.
Leonard Green & Partners invests across healthcare, fitness, and retail — the places where you're most reliant on local options and least likely to shop around. Aspen Dental, Crunch Fitness, Mister Car Wash — the common thread is services where customers rarely ask who owns the place. Their craft-store bet, JOANN, didn't survive: two bankruptcies and a full liquidation by 2025. They also backed Prospect Medical Holdings, a hospital chain that became a cautionary tale when facilities deteriorated under PE ownership.
Founded 1989 · Los Angeles, CA