M&A Deal Summary

TZP Group and Centerfield Capital Partners Acquire Head Rush Technologies

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

Acquisition Highlights
  • This is TZP Group’s 2nd and Centerfield Capital Partners’ 8th transaction in the Consumer Products sector.
  • This is TZP Group’s 44th and Centerfield Capital Partners’ 91st transaction in the United States.
  • This is TZP Group’s 4th and Centerfield Capital Partners’ 4th transaction in Colorado.

M&A Deal Summary

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

Target

Head Rush Technologies

Louisville, Colorado, United States
Head Rush Technologies is a provider of adventure safety equipment and maintenance services. Head Rush products can be found in climbing gyms, family entertainment centers, and adventure parks, among other facility types. Head Rush Technologies was founded in 2012 and is based in Louisville, Colorado.

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Buyer(S) 2

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B 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, New York.


DEAL STATS #
Overall 47 of 51
Sector: Consumer Products M&A 2 of 2
Type: Recapitalization M&A Deals 5 of 7
State: Colorado M&A 4 of 4
Country: United States M&A 44 of 48
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-30 DanceOne

Los Angeles, California, United States

DanceOne is the premier producer of educational and competitive dance events and dance brands in the world. DanceOne was founded in 2023 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Hylan

Holmdel, New Jersey, United States

Hylan is a provider of specialized engineering and construction solutions to communications and data infrastructure industries. The company performs complex work, often in dense, underground environments, for market-cap leading communications clients with a focus on attractive telecom markets. Hylan was founded in 1960 and is based in Holmdel, New Jersey.

Sell -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 91 of 100
Sector: Consumer Products M&A 8 of 9
Type: Recapitalization M&A Deals 17 of 19
State: Colorado M&A 4 of 4
Country: United States M&A 91 of 100
Year: 2024 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Kind Water Systems

Daytona Beach, Florida, United States

Kind Water Systems provides water treatment systems that help homeowners protect their families from potentially dangerous impurities in their water, as well as protect their plumbing, fixtures, and appliances from the damaging effects of hard water scale. Kind Water Systems is based in Daytona Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-10 Highdive

Chicago, Illinois, United States

Highdive is a creative-first advertising agency specializing in the strategy, development, and delivery of high-profile marketing campaigns for prominent brands. The Company provides a fully integrated service offering, primarily strategic, creative, and production services, across various advertising channels, including digital, TV, print, earned activations, and more. Highdive was formed in 2016 and is based in Chicago, Illinois.

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 M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 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 -