M&A Deal Summary

TZP Group Acquires Head Rush Technologies

On January 16, 2024, private equity firm TZP Group acquired consumer products company Head Rush Technologies from Pike Street Capital

Acquisition Highlights
  • This is TZP Group’s 2nd transaction in the Consumer Products sector.
  • This is TZP Group’s 42nd transaction in the United States.
  • This is TZP Group’s 4th transaction in Colorado.

M&A Deal Summary

Date 2024-01-16
Target Head Rush Technologies
Sector Consumer Products
Buyer(s) TZP Group
Sellers(s) Pike Street Capital
Deal Type Recapitalization

Target

Head Rush Technologies

Louisville, Colorado, United States
Head Rush Technologies provides equipment for the climbing and adventure industries that make adventure experiences more enjoyable for the user and increase ROI for operators. Their patented magnetic braking system has led to the development of best-in-class recreational devices found in facilities worldwide, including the TRUBLUE Auto Belay, zipSTOP Zip Line Brake, QuickFlight, and FlightLine Free Fall Devices. Head Rush Technologies was founded in 2012 and is based in Louisville, Colorado.

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Buyer(S) 1

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 45 of 45
Sector (Consumer Products) 2 of 2
Type (Recapitalization) 5 of 5
State (Colorado) 4 of 4
Country (United States) 42 of 42
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Trash Butler

Tampa, Florida, United States

Trash Butler is a doorstep valet trash and recycling amenity solution provider in the country, serving the multi-family apartment industry, student housing, and condo communities. They are a purpose-driven, values-based, socially conscious, tech-enabled, and results-obsessed enterprise that helps increase apartment asset NOI, and asset values and seeks to help make resident's and property management's lives easier. Trash Butler was founded in 2012 and is based in Tampa, Florida.

Buy -

Seller(S) 1

DESCRIPTION

Pike Street Capital is a private equity firm focused on profitable ($4 to $20 million of EBITDA) lower middle-market companies with up to $100 million in revenue. The Firm looks to partner with management and acquire majority stakes in companies. Areas of interest include industrial technology, distribution/logistics, business services, and specialty manufacturing. Pike Street Capital was formed in 2017 and is headquartered in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Apollo Optical Systems

West Henrietta, New York, United States

Apollo Optical Systems design and manufacture of precision optical components and systems. Apollo Optical Systems expertise, partnering with customers throughout the product development cycle from design to prototyping to final manufacturing and assembly of optical components and systems. Apollo Optical Systems was founded in 2002 and is based in West Henrietta, New York.

Buy -