INDUSTRY
Avondale is pleased to have supported negotiations and to announce the acquisition of regional trampoline operator, RedKangaroo by the indoor family activity brand, Oxygen. This is Oxygen’s third acquisition in nine months.
Oxygen was acquired by Literacy Capital Plc in July 2021, which provided the growth capital required to deliver Oxygen’s vision to lead the consolidation in the sector.
“RedKangaroo is well loved by people of all ages, and I am very proud of everything RedKangaroo has achieved over the last five years. Whilst I am sad to leave behind my fantastic team, I am very excited for what comes next; this is the perfect time to join the Oxygen family and I am confident they are the perfect owner to take RedKangaroo to the next level.”
Paul Wrightman – Founder & Managing Director, RedKangaroo
“We believe Oxygen stands out in the indoor leisure sector. With Literacy Capital, we have backers working with us as active partners; we are building an outstanding leadership team with the necessary experience, ambition and track record of success and our concept moves on what people expect from trampoline parks, with an emphasis on a people-led customer experience focused on the entire visit, not just the activities and equipment. These factors are driving our expansion, with the acquisition of RedKangaroo a significant milestone in our strategy.”
Stephen Wilson – Managing Director, Oxygen
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