mynth
← DATABASE
03/2026MinorityLBO

Apollo Global Management invests in The Goodlife Group

CANADA Hospitality & Leisure / Leisure Facilities EV CAD 1–10bn

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.

By taking control of The Goodlife Group, Apollo Global Management continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Prosol in 2025.

The Goodlife Group, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

-> Deep-dive in Retail & Consumer market trends

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

CAD 1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (CAD)

Year
Rev
EBITDA
EBIT
2025
CAD 450–900M
CAD 150–250M
[members only]
2024
CAD 450–900M
CAD 150–250M
[members only]

Other operations with Apollo Global Management

Other operations with Apollo Global Management
DateAcquirerTargetCountrySector
05/2026APOLLO GLOBAL MANAGEMENT / ALPINE INVESTORSAPEX SERVICE PARTNERSUNITED STATESHVAC
05/2026APOLLO GLOBAL MANAGEMENTNOBLE ENVIRONMENTALUNITED STATESCollection & Recycling
04/2026APOLLO GLOBAL MANAGEMENTMEDICAL-SURGICAL SOLUTIONSUNITED STATESHospital Logistics
04/2026APOLLO GLOBAL MANAGEMENTFORVIA INTÉRIEURSFRANCEAuto Parts & Systems
12/2025APOLLO GLOBAL MANAGEMENTPROSOLFRANCEGeneral Grocery
08/2025APOLLO GLOBAL MANAGEMENTKELVIONGERMANYBoilers & Thermal Solutions
01/2025APOLLO GLOBAL MANAGEMENT / BC PARTNERSGFL ENVIRONMENTAL SERVICES BUSINESSCANADAHazardous Waste
08/2023APOLLO GLOBAL MANAGEMENT / IRENIC CAPITALARCONICUNITED STATESMetallurgy / Foundry
03/2018APOLLO GLOBAL MANAGEMENTQDOBA RESTAURANTUNITED STATESRestaurants / Chains
10/2015APOLLO GLOBAL MANAGEMENT / BPIFRANCEVERALLIAFRANCEGlass Packaging

Similar deals in Hospitality & Leisure

Similar deals in Hospitality & Leisure
DateAcquirerTargetCountrySector
04/2026BYWAY CAPITAL / BPIFRANCELA TÊTE DANS LES NUAGESFRANCELeisure Facilities
04/2026EMIRATES INTERNATIONAL INVESTMENT COMPANY EIICJOE & THE JUICEDENMARKRestaurants / Chains
03/2026ARGOS WITYUBÄCKEREI KAMPSNETHERLANDSRestaurants / Chains
03/2026123 IM / BPIFRANCE / SMALT CAPITALFRIENDLY HOTELS GROUPFRANCEHotels & Accommodation
02/2026ANTIN INFRASTRUCTUREBELAMBRA CLUBSFRANCEHotels & Accommodation
01/2026AXIO CAPITALL'ORANGE BLEUEFRANCELeisure Facilities
01/2026SMITHFIELD FOODSNATHAN’S FAMOUSUNITED STATESRestaurants / Chains
01/2026TRIARTISAN CAPITAL ADVISORS / TREVILLE CAPITAL GROUP / YADAV ENTERPRISESDENNY'SUNITED STATESRestaurants / Chains
01/2026BCHEFLES BURGERS DE PAPAFRANCERestaurants / Chains
12/2025YADAV ENTERPRISESDEL TACO HOLDINGSUNITED STATESRestaurants / Chains

REFERENCES

Valuation range: EV CAD 1–10bn

Revenue range: CAD 450–900M

EBITDA range: CAD 150–250M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of The Goodlife Group by Apollo Global Management are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in The Goodlife Group, a Canadian company specialised in Leisure Facilities, by Apollo Global Management in 2026, structured as a leveraged buyout (LBO).

How was the acquisition of The Goodlife Group by Apollo Global Management valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the CAD 1–10bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were The Goodlife Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, The Goodlife Group generated annual revenue estimated in the CAD 450–900M range and EBITDA in the CAD 150–250M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.