PE-backed Earth Treks acquires Planet Granite

Earth Treks, a portfolio company of Tengram Capital Partners, has acquired Planet Granite, a climbing and fitness gym. No financial terms were disclosed. Dechert LLP advised Tengram and Earth Treks on the deal.

November 8, 2017

Dechert LLP advised private equity firm Tengram Capital Partners and its portfolio company, Earth Treks Climbing and Fitness (“Earth Treks”), in connection with the acquisition by Earth Treks of Planet Granite: Climbing, Fitness and Yoga.

The acquisition, and resulting combination of the two businesses, will create one of the largest climbing gym networks in the United States, bringing together two of the most experienced management teams in the climbing industry, servicing nine climbing and fitness centers in operation (with two more currently under construction). The combined company will have over 700 employees and serve over 2,000,000 customers each year.

The Dechert team advising Tengram Capital Partners was led by corporate partner Naz Zilkha with assistance from partners Gareth Clark, Scott Zimmerman, and associate Timothy Grosso (corporate); partner Steve Clemens (tax); partner David F. Jones and associate Sarah Burke (employee benefits); and counsel Francois Quintard-Morenas (real estate).

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