Harris Williams & Co. Advises Sky Zone, LLC on its Sale to CircusTrix
Richmond, Virginia, February 1, 2018 – Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Sky Zone, LLC and Sky Zone Franchise Group, LLC (together, Sky Zone) to CircusTrix Holdings, LLC (CircusTrix). Sky Zone is the originator of the trampoline park movement with 195 franchise locations in 11 international markets. The transaction was led by Ryan Budlong, John Neuner and Zach England of Harris Williams & Co.’s Consumer Group.
“We are extremely happy to have represented Sky Zone on its sale to CircusTrix,” said Ryan Budlong, a managing director at Harris Williams & Co. “Sky Zone pioneered the trampoline park industry and supports a growing number of successful franchise partners who are focused on providing a fun and safe fitness experience for people of all ages. Under the visionary direction of Jeff Platt (CEO), Sky Zone has realized tremendous growth both domestically and internationally and we look forward to its future success in partnership with CircusTrix."
"The Sky Zone transaction marks our third health, wellness and fitness transaction completed in the last quarter," added Zach England, a vice president at Harris Williams & Co. "Consumer trends toward healthier, more active lifestyles continue to fuel growth across multiple segments and we expect this growth to continue for some time."
Sky Zone, which was founded in 2004, opened its first park in Las Vegas and has since grown to 195 franchised and corporate-owned parks in the U.S. and abroad. It focuses on active play experiences for people of all ages.
Provo, Utah-based CircusTrix was founded by Case Lawrence in 2011. Its parks specialize in active recreation attractions including trampoline fields and ninja courses. With this acquisition, CircusTrix has almost 300 parks worldwide under its umbrella.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.