CircusTrix’s Acquisition of Sky Zone

Harris Williams & Co. served as the exclusive financial advisor to Sky Zone and Paul, Weiss acted as legal advisor of CircusTrix Holdings, LLC

CircusTrix Holdings, LLC (“CircusTrix”), a leading developer, operator and franchisor of indoor active recreation parks, today announced that it has acquired Sky Zone, LLC and Sky Zone Franchise Group, LLC (together “Sky Zone”), a leading franchisor in the indoor trampoline entertainment space.

The combination of CircusTrix and Sky Zone creates the largest indoor active recreation and trampoline park company in the world, with nearly 300 owned and franchised locations. Sky Zone’s brand and franchise structure will remain in place, and its management team will continue to manage Sky Zone operations as well as corporate-wide franchise activity in conjunction with the existing CircusTrix franchise team.

CircusTrix’s acquisition of Sky Zone follows its acquisition of Rockin’ Jump in March 2017 and the investment in CircusTrix in December 2016 by an affiliate of Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with approximately $3.0 billion in assets under management. Palladium and other CircusTrix equity holders made follow-on investments to support the acquisition and the future growth of the combined company.

Sky Zone opened its first park in Las Vegas and has since grown to 195 franchised and corporate-owned parks in the U.S. and abroad. It focuses on active play experiences for people of all ages.

The Paul, Weiss advised CircusTrix with a team including corporate partners Neil Goldman (Picture) and Monica Thurmond; intellectual property partner Claudine Meredith-Goujon; tax partner Brad Okun and counsel Colin Kelly; real estate partner Peter Fisch; antitrust counsel Marta Kelly; and employee benefits counsel Uri Horowitz.

Involved fees earner: Neil Goldman – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Colin Kelly – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Uri Horowitz – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: CircusTrix Holdings, LLC;


Author: Ambrogio Visconti