26North Partners LP, a next-generation alternative company founded by Josh Harris, today announced that it has acquired Onelife Fitness, a leading health club operator, from Delos Capital.
Onelife Fitness is a high-value fitness club located in the Mid-Atlantic and Southeastern United States that offers a premium health and wellness experience with upscale amenities at an affordable price. Onelife Fitness currently serves more than 400,000 members across 61 clubs, with significant growth planned.
Mark Weinberg, partner at 26North, said: “Onelife is a best-in-class operator and an enduring platform in a growing category driven by consumers’ long-term focus on fitness and health. “It’s a great opportunity to support something you believe in.” and Head of Private Equity. “We are excited to leverage 26North’s Alpha Creation Team (ACT) to accelerate Onelife’s growth.”
Kirk and John Galliani founded Onelife Fitness to provide members with a premium experience and amenities at an affordable price. Together with CEO Ori Gorfine, they stayed true to that vision and achieved strong operational and financial metrics while steadily expanding the company’s footprint.
“We are excited to partner with Oli, Kirk, John and the rest of the OneLife management team to build on the strong foundation they have established in our core markets,” said Gary Freilich, Private Equity Partner at 26North. I’m excited.” “With our support, Onelife will continue its efforts to innovate its service offering and introduce new clubs in additional cities, while keeping members at the heart of everything Onelife does.”
“Onelife is committed to caring about people, from our passionate team to the individual members who walk through our doors,” said Gorfein. “We have grown organically over the years as the community sought out fitness concepts that offered compelling value: high-end experiences and premium amenities at affordable rates. Our successful formula We couldn’t be more excited to combine the experience, resources and guidance of 26North to take Onelife Fitness to the next level.”
“It’s amazing to see how Onelife Fitness has grown. It’s a testament to the brand’s value proposition and our amazing team,” said founders Kirk and John Galliani. spoke. “I could not be more proud of our accomplishments, but after building a trusted relationship with Josh Harris and his team, I am confident that the best times are ahead for Onelife Fitness.”
“We are excited about 26North’s acquisition of Onelife and have confidence in their ability to take the business to the next level,” said Matt Constantino, managing partner at Delos. “We have known the Onelife team since 2012 and have built deep relationships with them and solid knowledge of the business and industry. Together, the team creates immense value and continues to drive We have built a leading platform that we believe is poised for growth.”
Jefferies LLC and North Point served as financial advisors to Onelife Fitness. Kirkland & Ellis served as legal advisor to 26North. Financial terms of the deal were not disclosed.
About 26NORTH
26North Partners LP is an integrated, multi-asset class investment platform that provides clients with investment advice and opportunities related to a variety of investment strategies, including but not limited to private equity, credit, insurance and reinsurance solutions. I will. The 26North team leverages decades of experience in managing third-party capital to help clients achieve their financial goals while making a lasting impact on the communities in which they operate. Since its founding in late 2022, 26North has grown to approximately $23 billion in assets under management.
About One Life Fitness
Founded in 2011, Onelife Fitness began with a singular goal: to develop the most comfortable and modern health clubs that offer unparalleled value without compromising on amenities or service. The company offers state-of-the-art cardio and strength training equipment, a functional lawn training area, an indoor saltwater pool, an expansive kids’ club, advanced personal training programs, and a variety of boutique studio classes, all of which Exclusive spa facilities and premium recovery services have been added. Today, Onelife Fitness is supported by more than 5,000 professional team members and operates more than 60 locations in the District of Columbia, Maryland, Virginia, Georgia, South Carolina, and West Virginia.
