The largest trampoline operator in the UK, Oxygen Freejumping, has acquired Air Space Trampoline in what is described as “a multi-million pound all-cash deal.”
The deal brings Oxygen’s number of parks to ten.
The company has a well publicised ambition to reach 20 parks by the end of 2018 and the deal is the first outright purchase by one brand of another in the UK market; a market said to consist of around 150 locations, most of them emerging only in the last three years.
Air Space is a subsidiary of Go Ape and is one of the first trampoline park companies to set up in the UK. It has three locations, one in East Kilbride, Scotland and two in England, in Stevenage and Wolverhampton.
Between them the parks have attracted around one million guests in the past two years.
Oxygen was established at the end of 2014 by LA Fitness founder Fred Turok and David Stalker, a former CEO of Ukactive and managing director of Harpers Fitness Clubs.
The deal was funded by private equity company NM Capital.
