OneLife Fitness Mulling Sale at $700M Valuation, Per Report
The Josh Harris-owned fitness operator has over 55 locations with group fitness class options, athletic training and recovery-based amenities
OneLife Fitness, a health and fitness club operator partly owned by Josh Harris, a private equity investor and sports team owner, is in the early stages of a reported sale process that could value the fitness operator at approximately $700 million, including debt.
The McLean, Virginia-based fitness brand, which owns over 55 locations in Washington, D.C., Maryland, Virginia, West Virginia and Georgia, is working with Jefferies Financial Group and North Point Advisors, according to Reuters.
The publication, citing anonymous sources close to the matter, reports OneLife Fitness has informed potential buyers that it estimates it will generate roughly $260 million of revenue and $70 million of earnings before interest, taxes, depreciation and amortization this year.
US Fitness Holdings LLC, which owns and operates OneLife Fitness, is itself majority-owned by Delos Capital and HRS Management, the family office of Harris, who also has majority stakes in the NFL’s Washington Commanders, NBA’s Philadelphia 76ers and NHL’s New Jersey Devils.
The fitness brand has created a high-quality club experience incorporating gym equipment alongside experience-elevating amenities such as pools, saunas, whirlpools and childcare.
A specialized training program, Explosive Performance, allows members to take fitness to the next level, and several OneLife locations feature boxing studios, basketball courts, tennis and pickleball courts. Recovery tools, such as HydroMassage and Hyperice Hypervolt and Normatec compression equipment, are also available for OneLife members.
OneLife also offers a robust menu of group fitness classes in categories such as cardio, cycling, HIIT, mind/body, seniors, strength, aqua and signature classes.
Last month, OneLife opened a new location in Clinton, Maryland — a 55,000 square foot facility with a saltwater pool and spa, Strike Studio (a boxing studio), Cardio Cinema, 100 pieces of cardio equipment, group studio classes, Kids Zone and recovery studio.
OneLife Fitness did not immediately respond for comment.
