Elm Creek and Exaltare Recapitalize and Consolidate Urban Air Franchisees into Elevated Venture Group
April 5, 2022
Dallas-based Elm Creek Partners sponsored the acquisition and aggregation of multiple Urban Air Adventure Park franchisees in partnership with franchise owners Parker Coddington, Justin Ripp and Keegan Ripp, creating Elevated Venture Group (EVG). Boston-based Exaltare Capital Management provided a simultaneous recapitalization, making EVG a portfolio company and the first institutional capital in the Urban Air franchisee system to support multi-state growth.
- Buyers
- Elm Creek Partners, Exaltare Capital Management
- Targets
- Elevated Venture Group (aggregated Urban Air franchisee platform)
- Platforms
- Elevated Venture Group
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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