Head Rush Technologies, best known for it’s eddy-current braking and free fall devices for the aerial adventure industry, has received a significant investment by Pike Street Capital, a private equity firm based in Seattle, Wash. As a result, Pike Street Capital will acquire a majority interest in Head Rush.
“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.”
Head Rush co- founders McGowan will remain CEO, while fellow co-founder Steve Holmes will transition from day-to-day operations to lead selected strategic projects. Chris Koske, director of marketing, told Adventure Park Insider that the remainder of the management team will be staying in place as well.
“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.”