Elm Creek Partners, a Dallas, TX-based private investment firm, is pleased to announce that it sponsored the acquisition and aggregation of multiple franchisees in the Urban Air Adventure Parks system in partnership with franchise owners, Parker Coddington, Justin Ripp and Keegan Ripp. This aggregation, combined with the simultaneous recapitalization of the combined platform by Exaltare Capital Management, created Elevated Venture Group (“EVG”). EVG operates across multiple states, is one of the largest Urban Air franchisees, and represents the first institutional capital in the Urban Air franchisee system.
Urban Air Adventure Parks are the Ultimate Indoor Adventure Park where kids of all ages (and kids at heart) can explore thrilling attractions, challenge their body and mind, and most importantly…have a blast! There are over 156 parks open and 329 under development across the United States and growing.
About Elevated Venture Group
Texas-based EVG is a portfolio company of Boston, MA based Exaltare Capital Management. Exaltare focuses on franchise and consumer businesses. Partnering with Operators, Founders and Managers, Exlatare invests in lower middle market companies in the following segments: Franchisee & Franchisors, Health & Wellness, Consumer goods, Food & Beverage, and Beauty & Personal Care.
About Elm Creek Partners
Elm Creek Partners focuses on lower middle market private investments in the manufacturing, business services, and healthcare markets. Initial platforms typically generate between $10-$50 million in revenue and $2-$8 million in EBITDA. Elm Creek Partners seeks to partner with talented entrepreneurs, focused on niche opportunities in evolving end markets.