A private equity firm has acquired 24/7 gym franchisor Jetts in a $100 million deal.  

Private equity firm Quadrant has acquired Jetts Fitness, the first 24/7 gym operator in Australia, following on from its purchase of Good Life Health Clubs in August.

According to a report by Australian Leisure Management, Quadrant had set up a holding company Fitness Lifestyle Group to purchase Goodlife and to make other acquisitions in the sector.

Founded on the Gold Coast by Brendon Levenson and Mark Stocks in 2007, Jetts Fitness now has 270 clubs across Australia, New Zealand and the Netherlands – and more than 200,000 members.

Find out more about becoming a Jetts Fitness franchisee.