D.A. Davidson Acts as Financial Advisor to Head Rush Technologies, a Pike Street Capital Portfolio Company, on Its Sale to TZP Group

January 22, 2024

D.A. Davidson & Co. announced today that it served as the exclusive financial advisor to Head Rush Technologies (“Head Rush”) and its Private Equity Sponsor, Pike Street Capital, in the sale of Head Rush to TZP Group.

Founded in 2012 and headquartered in Louisville, CO, Head Rush is the market leader in the adventure safety industry offering products utilized in climbing, zip lining, and free fall applications, including TRUBLUE™, the most widely used and reputable auto belay device in the world. Head Rush products leverage a patented magnetic braking system which provides for increased safety, lower cost of ownership, and enhanced user experience compared to competing braking systems. The Company sells devices in more than 70 countries and provides service support and replacement parts to ensure continuous, reliable operation of equipment.

“D.A. Davidson’s excitement for the business, natural chemistry with management and steady hand maneuvering throughout the deal were key to such a successful outcome,” said Pike Street Capital Partner, Ed Whatley.

“We are thrilled to have worked alongside the D.A. Davidson team throughout the process, as they proved themselves essential in helping us find a knowledgeable and experienced partner in TZP,” said Head Rush CEO, Lea Ann Zuellig. “We have ambitious growth plans in current and new markets and are confident that TZP’s experience and capabilities will help us maximize the growth potential of the business.”

D.A. Davidson’s Consumer Group has a reputation for its depth of industry knowledge, breadth of capabilities, and tenacity of its senior professionals. Offering sector-specific expertise through a full-service platform, the team provides M&A, strategic advisory, and equity capital markets capabilities across several subsectors, including active and outdoor; apparel, footwear, accessories & specialty retail; consumer & services; eCommerce & marketplaces; and food & beverage. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 29 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

Deal Team Contacts

Mike Smith, Managing Director | Salt Lake City | [email protected]
John Jameson, Managing Director | Irvine | [email protected]
William Prioleau, Vice President | Irvine | [email protected]