NRD Capital has made an investment in Dallas-based Altitude Trampoline Park, an indoor adventure park. No financial terms were disclosed.
ATLANTA, Dec. 4, 2018 /PRNewswire/ — NRD Capital, a private equity firm headquartered in Atlanta, is pleased to announce its investment in Altitude Trampoline Park. Based in Dallas, Altitude is a rapidly growing indoor adventure park with locations around the world.
The nearly 70-unit family entertainment brand was founded in 2012, and has parks open on three continents. Since its establishment, it has become the industry leader in both creating the ultimate visitor experience as well as franchise ownership opportunities for those looking to enter the family entertainment industry. With more than 35,000-square-feet of indoor activity space, its state-of-the-art and custom-designed indoor parks lead the adventure park and family entertainment industry.
“We’re extremely pleased with our investment in Altitude and the opportunity to partner with its founders to bring affordable entertainment to families around the globe,” said Aziz Hashim, NRD Capital Managing Partner. “The Altitude team has done a tremendous job demonstrating compelling unit-level economics – which is a pillar of NRD Capital portfolio companies. We’re eager to continue to build on Altitude’s success, partnering with the team to accelerate the company’s growth.”
Altitude Trampoline Park joins NRD Capital’s portfolio of franchise-focused investments, which include other franchisors plus select leading edge technology brands that support the franchising business model.
“We are thrilled to be partnering with NRD Capital and its team of operators who intricately understand franchising and retail businesses,” said Curt Skallerup, co-founder and CEO of Altitude Trampoline Park. “We’re excited about the partnership formed today between Altitude and NRD Capital, and are confident in the continued global growth of Altitude.”
For more information about Altitude Trampoline Park, please visit www.altitudetrampolinepark.com. For additional information about NRD Capital, see www.nrdcapital.com.
About NRD Capital Management, LLC
NRD Capital Management, LLC, founded by Aziz Hashim, is a private equity firm that invests in companies offering superior products/services and compelling unit-level economics. By infusing capital and applying operating expertise, NRD guides its investments toward strategic growth. The fund invests in small to mid-sized brands (franchise and non-franchise), both domestic and international, primarily focusing on restaurants, multi-location-related technologies and service/retail opportunities. Through the NRD Foundation, the firm supports non-profit and for-profit international organizations that create entrepreneurs, foster financial independence, and power academic research focused on franchise entrepreneurship. For additional information, please visit www.nrdcapital.com.