UK indoor family activity brand Oxygen has acquired regional trampoline operator RedKangaroo for an undisclosed price.
Oxygen will continue to operate RedKangaroo’s sites in Reading, Nottingham and Coventry under the RedKangaroo brand and in the coming months will integrate them into the Oxygen brand.
Oxygen was acquired by Literacy Capital in July 2021 and in the last nine months has made three acquisitions.
Stephen Wilson, managing director of Oxygen, said: “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.”
Paul Wrightman, founder and managing director of RedKangaroo, added: “RedKangaroo is well loved by people of all ages and I am very proud of everything Red Kangaroo has achieved over the last five years. While 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.”
