26North Takes Over Onelife Fitness: Latest Athletech Industry Update

Onelife Fitness Clubs Expansion to New Cities with 26North Partners

26North Partners, the renowned alternative assets firm founded by Josh Harris, has confirmed its plans to acquire Onelife Fitness. This collaboration will lead to the expansion of Onelife Fitness clubs into more cities.

While the financial elements of this agreement remain undisclosed, insider sources revealed to Bloomberg that the deal values Onelife Fitness at an estimated $500 million.

Onelife Fitness: Catering to a Large Member Base

Onelife Fitness has cemented its reputation in the value fitness chain by serving over 400,000 members across 61 clubs. These clubs are distributed in Maryland, Virginia, West Virginia, Washington, D.C., North Carolina, and Georgia. The extensive list of offerings varies by membership level and club location. Offerings include group fitness classes, personal training, pools, saunas, whirlpools, HydroMassage, Hyperice Hypervolt and NormaTec Compression equipment, sports facilities, online nutrition and meal planning, and childcare services.

Onelife Fitness’ Expansion and Growth

In recent news, Onelife Fitness expanded to South Carolina after the acquisition of five MUV Fitness clubs, now rebranded under the Onelife Fitness name. 

Onelife CEO Ori Gorfine highlights their successful organic growth model. This model has consistently attracted fitness consumers looking for top-tier experiences and amenities at affordable prices.

“We are thrilled to combine our successful model with 26North’s vast resources and expertise to elevate Onelife Fitness to new heights,” says Gorfine.

Fitness Market Investments: A Mark of Growth

This year has seen numerous high-profile investments in the fitness industry.

Just last month, Seattle-based Rainier Partners and Omega Fitness took over 21 Anytime Fitness gyms in Wisconsin from MDS Fitness. In another major move, LA-based private equity company Meaningful Partners acquired Fitness Ventures LLC, the second-largest Crunch Fitness franchise group.

These investments in the fitness sector have extended beyond the US. In spring, Rhode Island-based Providence Equity Partners announced its acquisition of VivaGym Group, a budget-friendly gym operator with over 100 clubs in Spain and Portugal.