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Announced

Completed

Bouldering Project Holding completed the acquisition of Gowanus, Eckington, and Somerville assets of Brooklyn Boulders.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

fitness centers

Recreational Services

Acquisition

rock climbing

Private

Majority

Domestic

United States

Friendly

Completed

Synopsis

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Bouldering Project Holding, a fitness center operator, completed the acquisition of Gowanus, Eckington, and Somerville assets of Brooklyn Boulders, an adventure lifestyle company. Financial terms were not disclosed. "Much like BKB, the Bouldering Project strives to create spaces where all individuals can feel a sense of belonging in our sport and culture. They infuse inspiration, joy, and meaningful human connection into climbing. Founded in Seattle in 2011 and built by climbers, the Bouldering Project set out to build a place that would broaden the horizons of what indoor climbing could be. Since then, they have built Bouldering Projects in Seattle, Austin, Minneapolis, and soon-to-open Salt Lake City. We wholeheartedly believe in what Bouldering Project stands for and its ethos as a company," Brooklyn Boulders.

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