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Association & Industry News: Industry News

Head Rush Technologies Announces Major Investment by Pike Street Capital

Monday, June 10, 2019   (0 Comments)
Posted by: Laura Allured
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Head Rush Technologies, a leading maker of adventure and recreation equipment announced late last month a major investment by Pike Street Capital, a private equity firm based in Seattle. Head Rush is a Boulder-based maker of best-in-class equipment for the climbing and adventure industries.

 

“We’re excited to continue to build the company with the additional investment and operational support from Pike Street,” said Head Rush founder and CEO John McGowan. “Everything we do is designed to create the best possible end user experience while helping operators improve their businesses. We felt that Pike Street’s approach was aligned with this mission and are confident that the strategic partnership will benefit both our customers and employees. We’re excited about the opportunities that lie ahead of us.”

 

Pike Street will acquire a majority interest in Head Rush, with plans to invest significantly to enhance the organization’s commercial capacities to better support its distribution partners and reach its growing markets, as well as to leverage its technology to accelerate the product roadmap. Founders John McGowan and Steve Holmes will continue their involvement in the company as investors. McGowan will remain as CEO, while Holmes will transition from the day-to-day operations to lead selected strategic projects.

 

“We have been impressed with the Head Rush team, technology, and product line since day one,” said Ed Whatley, a Managing Partner at Pike Street Capital. “This investment is about taking an already great company to the next level and delivering a thrilling adventure experience to a broader audience.”

 


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