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John and Kirk Galiani Best Exercise Equipment , who founded US Fitness Holdings in 2012 and grew it to 46 gyms under three different brands, retain a minority stake and will stay on as the primary operators. Exact terms were not disclosed, but the investment will yield $50 million for expansion into new markets and new gyms, as well as renovations of existing facilities, during the next two years. Onelife Fitness opened its first location in Kansas City in September 2014. The 35,000-square-foot, 24-hour fitness center was built on top of Cosentino's Downtown Market at 13th and Main streets in the Power & Light District. The brothers are looking to develop more gyms in the Kansas City market, and they also recently signed a deal to open a Onelife Fitness in St. Louis in the Ballpark Village development next to Busch Stadium where the St. Louis Cardinals play. US Fitness' new majority owners are HRS Management, the family office of Philly-area sports magnate and Apollo Global Management founder Josh Harris , and New York's Delos Capital, a private equity firm. US Fitness currently operates 30 locations of Onelife Fitness in Virginia, Maryland, Georgia and Kansas City, Missouri. It also owns 11 locations of Sport & Health and is a regional franchisee for Crunch Fitness, with five Strength Training For Triathletes locations. Long-terms plans for growth include opening five to six new gyms per year during the next five years.
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