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03/2026

THE GOODLIFE GROUP

Acquired by

APOLLO GLOBAL MANAGEMENT

CANADA Hospitality & Leisure / Leisure Facilities EV 1b - 4b CAD

Context

Apollo Global Management has agreed to acquire a minority stake in The GoodLife Group a Canadian fitness giant. This transaction represents the first time GoodLife has taken on external equity capital in its 47-year history. The founder will remain as Chairman and a significant shareholder, maintaining the company's operational continuity. The strategic rationale for the deal is to provide GoodLife with the necessary capital to accelerate its long-term expansion strategy and reinforce its leadership position in the Canadian market. The investment highlights a broader trend of private equity interest in large-scale gym chains, following similar high-profile transactions in the US fitness sector involving firms like Leonard Green & Partners and TSG Consumer Partners.

THE GOODLIFE GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

The GoodLife Group is Canada’s largest fitness club operator. The company's business model is built on a multi-brand strategy designed to capture various market segments, ranging from premium services to high-value-low-price (HVLP) tiers. Its value proposition centers on health and wellness accessibility, operating through brands such as GoodLife Fitness, Fit4Less, GYMVMT, and Éconofitness. Strategically, the group maintains a dominant infrastructure with over 400 clubs and a membership base of approximately 1.5 million users. By offering tiered bi-weekly membership fees (ranging from C$7.99 to C$59.99), GoodLife addresses the full spectrum of the Canadian fitness demographic, from budget-conscious consumers to those seeking comprehensive, full-service athletic facilities.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (CAD)

Year
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EBITDA
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2025
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2024
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Other operations with THE GOODLIFE GROUP

REFERENCES

Valuation range: EV 1b - 4b CAD

Revenue range: 450M - 900M CAD

EBITDA range: 150M - 250M CAD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: apollo global management