FBCUPFRONT »Happenings
debt by approximately $700 mil-
lion to less than $100 million.
“The unparalleled fi nancial
fl exibility we have after emerging
from bankruptcy will allow us to
make the investments necessary
to build Bally into the preeminent
fi tness chain in the country,” says
Sheehan. “We have the right team
in place and a strategy that will al-
Big Changes at low us to offer our customers the
Bally and Crunch
best experience in the industry.”
American club chain Crunch
Énergie Cardio
CHICAGO – In the U.S., Bally Total announced that the Bankruptcy
Fitness announced that it has Court for the Southern District
and GoodLife
emerged from Chapter 11 bankrupt- of New York has approved its sale
Join Forces
cy having completed the reorgani- to an investor group led by New
zation outlined in its Amended Joint Evolution Fitness Company. The SAINT-JÉRÔME, QC – Alain Beaudry,
Plan of Reorganization, which was transaction was expected to close president of Énergie Cardio (EC) and
confi rmed on August 19. by mid-September. David Patchell-Evans, founder and
“Bally is moving in the right di- “Crunch will emerge debt free CEO of GoodLife Fitness and IHRSA
rection as we continue to system- with a leaner, stronger portfo- board chairman, announce that
atically improve every aspect of lio of clubs in four markets,” says they have entered into a conditional
this company," says CEO Michael chairman Mark Mastrov. “This partnership in Québec.
Sheehan. “With the dramatic re- new ownership group and capi- Day-to-day management, the
structuring of our balance sheet tal structure will allow Crunch to people who make the decisions, the
and improved fi nancial perfor- grow strategically while continu- employees and the brand of Énergie
mance, Bally is now positioned ing to provide our members with a Cardio will remain unchanged in
to put 100 percent of our energy fresh and innovative fi tness expe- Québec.
towards improving the custom- rience. We're exiting this process Énergie Cardio was founded in
er experience and growing our with a plan for strong growth in 1985 in Saint-Jérôme, Québec with
business.” our core markets of New York, San current president Alain Beaudry at
The approved plan, which in- Francisco, Los Angeles and Miami the helm. The company boasts more
cludes fi nancing from several sourc- and intend to establish new loca- THANCLUBSMEMBERS
es, will enable Bally to reduce its TIONSQUICKLYv ANDEMPLOYEESACROSS1UÏBEC
GoodLife was founded by David
Patchell-Evans in 1979 in London,
Ontario.
EVENTS
“Through the partnership with
GoodLife, we will emerge as one of
the top fi ve largest physical fi tness
Can-Fit-Pro Personal Training, Group Fitness networks on the planet with close to
and Aquafitness Conference and Trade Show 275 centres,” says Beaudry. “Our or-
Montreal, QC, February 5-7, 2010 ganization, franchisees and mem-
Experience the fi rst-ever French
bers will only benefi t from this as-
Resist-A-Ball® pre-conference workshop, sociation, through things like cost
and fi nd great deals at our massive trade show! savings, access to a larger network of
clubs and the combined expertise,
CLUB INDUSTRY, CHICAGO, 2009
all still at competitive prices.”
h'OOD,IFEgSRECENTACQUISITIONOF
During its successful 4-day run (October 14-17), Club Industry 2009 brought together more
Nubody's Fitness in Atlantic Canada
than 7,000 industry professionals to Chicago’s
McCormick Place.
brought our total number of clubs
Keynote presenters included fi tness legend Jack
to 191,” says Patchell-Evans. “Since
LaLanne, who recently turned 95, fi tness entre-
Énergie Cardio leads the way for
preneur Mark Mastrov, founder of the 24 Hour
health and fi tness in Québec, the
Fitness chain and our very own David Patchell- combined strength and expertise of
Evans, President & CEO of Canada’s GoodLife
our two companies means more ben-
Fitness Centres.
efi ts for members and access to more
Club Industry 2010 will take place October 6-9,
clubs.” The six current GoodLife
2010, once again in Chicago’s McCormick Place.
clubs in Quebec will be rebranded
Énergie Cardio.
10 Fitness Business Canada November/December 2009January/February 2009
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52