{"id":148967,"date":"2026-02-02T19:00:00","date_gmt":"2026-02-03T00:00:00","guid":{"rendered":"https:\/\/athletechnews.com\/?p=148967"},"modified":"2026-02-03T14:17:47","modified_gmt":"2026-02-03T19:17:47","slug":"apollo-to-invest-in-canadas-largest-fitness-club-operator-the-goodlife-group","status":"publish","type":"post","link":"https:\/\/athletechnews.com\/apollo-to-invest-in-canadas-largest-fitness-club-operator-the-goodlife-group\/","title":{"rendered":"Apollo\u00a0To\u00a0Invest\u00a0in\u00a0Canada&#8217;s\u00a0Largest Fitness Club Operator\u00a0The\u00a0GoodLife\u00a0Group"},"content":{"rendered":"<h5 class=\"wp-block-heading\" id=\"h-the-deal-values-the-gym-company-founded-by-david-patch-patchell-evans-at-around-1-46-billion-sources-said\">The deal values the gym company founded by David &#8216;Patch&#8217; Patchell-Evans at around $1.46 billion, sources said<\/h5>\n\n\n\n<p>(Reuters) \u2014 Investment firm Apollo is acquiring a minority stake in Canada\u2019s largest fitness club operator The GoodLife Group, according to a statement viewed by Reuters.<\/p>\n\n\n\n<p>The deal values the gym company at around C$2 billion ($1.46 billion), according to sources familiar with the matter.<\/p>\n\n\n\n<p>Founded by David &#8216;Patch&#8217; Patchell-Evans in 1979, the deal marks the first time the fitness chain has taken on outside equity capital. Patch, 72 years old, will remain chairman and an investor.<\/p>\n\n\n\n<p>Apollo, which manages approximately $908 billion of assets, is making this investment through funds and affiliates associated with its hybrid strategies, according to the statement. The new capital will help GoodLife accelerate its long-term strategy and growth, and enhance its leadership position in the fitness market, it said.<\/p>\n\n\n\n<p>London, Ontario-based <a href=\"https:\/\/www.goodlifefitness.com\/\"  rel=\"noreferrer noopener\" target=\"_blank\" aria-label=\"(opens in a new tab)\">GoodLife<\/a> has over 400 clubs and around 1.5 million members across its banners GoodLife Fitness, Fit4Less, Gymvmt and \u00c9conofitness. Bi-weekly membership fees range from C$7.99 to C$59.99, according to the company\u2019s site. Patch came up with the idea for GoodLife while going through rehabilitation following a serious motorcycle accident.<\/p>\n\n\n\n<p>&#8220;Given its deep experience with founder-led companies, we believe this investment from the Apollo Funds will enable us to build on nearly 50 years of success and accelerate our next chapter of growth,&#8221; Patch said in the statement.<\/p>\n\n\n\n<p>Investment firms like Apollo are typical acquirers of gym chains. Last year in the US, Leonard Green &amp; Partners bought Crunch Fitness for an undisclosed amount and <a href=\"https:\/\/athletechnews.com\/tsg-consumer-acquires-eos-fitness\/\" type=\"post\" id=\"127429\">TSG Consumer Partners acquired E\u014dS Fitness for a reported $1.5 billion<\/a>. In boutique fitness, Princeton Equity Group <a href=\"https:\/\/athletechnews.com\/barrys-investment-princeton-equity-group\/\" type=\"post\" id=\"119394\">acquired bootcamp concept Barry\u2019s<\/a> last year.<\/p>\n\n\n\n<p>Apollo&#8217;s hybrid strategy provides capital solutions to companies via debt and equity capital, according to its website.<\/p>\n\n\n\n<p>Guggenheim Securities and McMillan advised GoodLife, while Jefferies, Paul, Weiss, Rifkind, Wharton &amp; Garrison and Blake, Cassels &amp; Graydon advised Apollo.<\/p>\n\n\n\n<p>($1 = 1.3675 Canadian dollars)<\/p>\n\n\n\n<p>(Reporting by Abigail Summerville in New York; editing by Echo Wang and Nick Zieminski in New York)<\/p>","protected":false},"excerpt":{"rendered":"Investment firm Apollo is acquiring a minority stake in Canada\u2019s largest fitness club operator The GoodLife Group in a deal valued at around $1.46 billion.","protected":false},"author":170,"featured_media":148968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"disable_comments":false,"pmpro_default_level":"","tpd_franchise_content":"","hide_featured_img_single_post":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"tpd_featured_video":[],"tpd_sponsored_post_logo":"","tpd_sponsored_post_logo_link":"","tpd_sponsored_post_logo_width":0,"tpd_sponsored_enable_nofollow":true,"tpd_disable_incontent_ads":false,"tpd_disable_right_rail_ads":false,"tpd_disable_after_content_ads":false,"tpd_disable_header_ads":false,"tpd_disable_sticky_footer_ads":false,"tpd_disable_video_ads":false,"tpd_disable_outbrain":false,"tpd_affiliate_disclaimer":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[5636,769,206,5468],"post-options":[],"vertical":[],"coauthors":[7926],"class_list":{"0":"post-148967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"tag-canada","9":"tag-goodlife-fitness","10":"tag-gyms","11":"tag-investment","12":"pmpro-has-access"},"acf":[],"featured_media_url":"https:\/\/athletechnews.com\/wp-content\/uploads\/2026\/02\/2026-02-02T214505Z_2_LYNXMPEM1118J_RTROPTP_4_APOLLO-LOGO.webp","author_name":"abigail-summerville","author_avatar":"https:\/\/secure.gravatar.com\/avatar\/9b6b544669dfd9cac16f2f0278c7782c?s=96&d=mm&r=g","primary_category":{"term_id":3,"name":"Finance","slug":"finance","taxonomy":"category","url":"https:\/\/athletechnews.com\/category\/finance\/"},"yoast_head":"<!-- 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