PE-Backed GoodLife Fitness Acquires Gold's Gym

GoodLife Fitness Centers Inc., a privately owned company which operates a chain of fitness clubs across Canada, has acquired seven independent Gold's Gym locations in Alberta and Ontario. Based in London, Ontario, GoodLife Fitness has since 2006 been backed by Canadian private equity funds, including Penfund and Manulife Capital. The company's CEO, David Patchell-Evans, was Canada's Venture Capital and Private Equity Association's "Entrepreneur of the Year" in 2010.

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