The GoodLife Group, based in London, Ont., has 400 clubs and about 1.5 million members across Canada. (Credit: Alan Cochrane/Times & Transcript files)
Canadian fitness company The GoodLife Group has secured a minority investment led by U.S. firm Apollo Global Management Inc. with the goal of accelerating its growth plans.
Talaal Azeem, a managing director at Apollo, said the investment will provide capital for GoodLife to advance the company’s long-term strategy.
“This investment will bolster GoodLife as the leading fitness company in the country, and we could not ask for a better partner in Apollo,” Jeff van Haeren, chief executive of GoodLife Group, said in a press release. “Our incredible leadership team and employees across all our brands are ready for growth and excited about the next phase of our company.”
The investment will be made through funds and affiliates of Apollo, the release said, and values GoodLife at around $2 billion, according to a report by Reuters.
GoodLife, based in London, Ont., has 400 clubs and about 1.5 million members across Canada.
The deal is subject to regulatory approvals and closing conditions.
