Urban Air Adventure Park, an operator and franchisor of family entertainment centres, has announced a strategic investment from MPK Equity Partners and AHR Growth Partners in the UK.
The investment is being made in partnership with Urban Air’s co-founder and CEO Michael Browning, Jr., his management team and other existing owners.
The adventure park offers climbing walls, obstacle courses, trampolines, zip line coasters, virtual reality experiences, indoor go-karts and indoor skydiving. The Texas-headquartered company has experienced strong growth since it was founded in 2011.
Browning said: “Partnering with MPK and AHR allows us to continue on this path while also supporting our fantastic, growing franchisee base. We are excited to begin this partnership which will undoubtedly allow us to better serve our customers and realise our shared vision of success across our network.”
John Bahr, a managing partner of AHR, said: “Not only are we investing behind a superb management team, but we are also backing a market-leading business with a differentiated offering in a growing and dynamic industry.”
As part of the investment, Doug Kennealey from MPK and John Bahr from AHR will join the Urban Air board. The current Urban Air management team will remain in place following the transaction.