26North Partners expands portfolio with Onelife Fitness acquisition

26North Partners LP, a next-generation alternatives investment firm founded by Josh Harris, has made a significant move by acquiring Onelife Fitness, a prominent health club operator known for its premium yet affordable fitness experiences. This acquisition positions 26North to capitalize on the growing consumer focus on health and wellness across the Mid-Atlantic and Southeastern United States, where Onelife Fitness operates 61 clubs serving over 400,000 members.

Onelife Fitness: A commitment to quality and accessibility

Founded in 2011 by Kirk and John Galiani, Onelife Fitness has consistently strived to deliver high-quality fitness amenities at competitive prices. Their approach focuses on creating welcoming environments that foster community engagement and personal wellness. Under the leadership of CEO Ori Gorfine, the company has demonstrated impressive operational and financial performance while expanding its reach.

Strategic growth plans under new ownership

Mark Weinberg, a partner at 26North and head of its private equity division, expressed optimism about the acquisition, highlighting Onelife as a “best-in-class operator” in a burgeoning market. With the support of 26North’s Alpha Creation Team, Onelife Fitness aims to innovate its service offerings and expand into new cities. Gary Freilich, another partner at 26North, echoed this sentiment, emphasizing a member-centric approach to growth.

Expert opinions on the acquisition’s impact

Industry experts view this acquisition as a pivotal moment for both companies. This deal could reshape the landscape of fitness services in the regions where Onelife operates. The partnership with 26North will provide Onelife with the necessary resources to enhance its competitive edge and drive further innovation.

Community impact and future vision

Gorfine articulated a strong commitment to community well-being, stating that Onelife Fitness has grown by responding to community demands for affordable fitness solutions without compromising quality. The partnership with 26North is expected to accelerate this vision, allowing Onelife to enhance its offerings while maintaining a focus on member satisfaction. The founders, Kirk and John Galiani, also expressed confidence in the future trajectory of Onelife Fitness under 26North’s guidance, acknowledging their deep-rooted relationship with Harris and his team.

A promising future for fitness enthusiasts

As Onelife Fitness embarks on this new chapter with 26North Partners, industry stakeholders remain eager to see how this acquisition will influence the health and wellness sector. The combination of Onelife’s established reputation and 26North’s investment capabilities is poised to create a lasting impact on fitness experiences for thousands of members across the nation.