PE-Backed GoodLife Fitness Acquires Gold’s Gym

GoodLife Fitness Centers Inc., a privately owned company which operates a chain of fitness clubs across Canada, has acquired seven independent Gold’s Gym locations in Alberta and Ontario.  Based in London, Ontario, GoodLife Fitness has since 2006 been backed by Canadian private equity funds, including Penfund and Manulife Capital. The company’s CEO, David Patchell-Evans, was Canada’s Venture Capital and Private Equity Association’s “Entrepreneur of the Year” in 2010.


GoodLife Fitness acquires Seven Gold’s Gym locations across Canada

LONDON, ON, Dec. 13, 2012 /CNW/ – Today, GoodLife Fitness, Canada’s largest fitness company, announced the acquisition of seven independently operated Gold’s Gym locations in Canada. The locations include three clubs in Calgary and one in Airdrie, Alberta, as well as locations in Peterborough, Vaughan and Scarborough in Ontario.

This acquisition brings the total number of GoodLife Fitness Clubs in Canada to almost 300 and provides even more great locations for Canadians to achieve their health and fitness goals.

GoodLife Fitness is now the largest fitness club chain in the Calgary Region with 13 convenient locations. The total number of GoodLife Clubs in Alberta increases to 16, spanning from Calgary to Lethbridge to Edmonton, with multiple new Clubs scheduled to open in Alberta in 2013. This latest acquisition also brings GoodLife Fitness to the 30 Club mark in Western Canada.

The expansion into these vibrant and growing areas in Ontario and Alberta allows GoodLife Fitness to continue focusing on helping its Members achieve their health and fitness goals by providing exceptional Member care, state-of-the-art facilities and equipment, superior fitness expertise and innovative and comprehensive programming.

The new GoodLife Clubs will host the world-leading Les Mills Group Exercise Classes (exclusive to GoodLife in Canada) along with GoodLife’s caring and knowledgeable Personal Trainers and industry-leading programming.

“We are excited about the prospect of acquiring these seven new locations in Alberta and Ontario to further grow the options of locations for our members and to welcome the Gold’s Gym Members to the GoodLife Family,” said David “Patch” Patchell-Evans, GoodLife Fitness Founder & CEO. “At GoodLife, our vision is to give all Canadians the opportunity to live a fit and healthy good life. We know that one of the biggest factors in helping individuals remain consistent with their fitness routines is a convenient location, so we are excited to continue growing across the country.”

All of the Gold’s Gym locations that are a part of the acquisition are independently owned and operated facilities. Gold’s Gym will still operate almost 20 franchised locations in British Columbia, Alberta, Saskatchewan, Ontario and Quebec.

GoodLife Fitness
Founded in 1979, GoodLife Fitness is the largest fitness company in Canada with approximately 300 clubs from coast-to-coast. With over 750,000 members, GoodLife is helping to transform the health and wellness of 1 in 45 Canadians every day. With the vision of giving every Canadian the opportunity to live a fit and healthy good life, David Patchell-Evans, Founder & CEO, strives to develop innovative partnerships and collaborations in all areas of health, fitness and wellness and continues to play a significant role in the healthcare system in Canada. GoodLife has achieved Platinum Status Canada’s 50 Best Managed Companies, as well as Platinum Level Canada’s 10 Most Admired Corporate Cultures.

Gold’s Gyms locations being acquired GoodLife Fitness with new GoodLife contact information:

Calgary Northland Village GoodLife Fitness
5111 Northland Drive North West, Calgary

Calgary Eau Claire Market GoodLife Fitness
Eau Claire Market, 200- Barclay Parade South West, Calgary

Calgary South Pointe GoodLife Fitness
12686 48 Street South East, Calgary

Airdrie Towerlane Mall GoodLife Fitness
505 Main Street, Airdrie

Peterborough Portage Place GoodLife Fitness
1154 Chemong Road, Peterborough

Scarborough Markington GoodLife Fitness
3660 Kingston Road, Scarborough

Vaughan Keele Street GoodLife Fitness
Highway 7 & Keele Street, Toronto

For information about memberships Gold’s members are encouraged to call GoodLife Fitness’ Member Experience Team at 1-800-387-2524 Monday to Friday: 9am – 7pm (Eastern Standard Time)

SOURCE: GoodLife Fitness

For further information:
Media Contact
Krista Maling, Director of Public Relations, GoodLife Fitness
519-661-0190, ext. 302

Photo courtesy of Shutterstock.