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Press / TZP Group Leads Majority Recapitalization of Head Rush Technologies

January 16, 2024  ·  PR Newswire

TZP Group Leads Majority Recapitalization of Head Rush Technologies

TZP Group, a multi-strategy private equity firm managing approximately $2 billion, has led a majority recapitalization of Head Rush Technologies (HRT), a global adventure safety equipment provider. The transaction closed in partnership with management and existing shareholders.

Founded in 2012 and based in Louisville, Colorado, Head Rush is the market leader in adventure safety equipment. The company manufactures products for climbing, zip-lining, and free-fall applications across more than 70 countries. Its flagship product, TRUBLUE™, is described as "the most widely used and reputable auto belay device in the world," leveraging proprietary magnetic braking technology that enhances safety and lowers ownership costs compared to competitors. Head Rush supports over 1 billion climbs annually and serves climbing gyms, family entertainment centers, and adventure parks.

Rodney Eshelman, Partner at TZP, highlighted the company's "compelling value proposition and improved safety," noting TZP's experience in out-of-home entertainment and B2B service businesses. The firm plans to pursue growth through new product introductions, international expansion, and entry into adjacent markets.

Head Rush CEO Lea Ann Zuellig stated the partnership will support "ambitious growth plans in current and new markets," emphasizing TZP's expertise in technical products and understanding of their end markets.