Verlinvest, a global family-backed consumer-focused evergreen investment firm, has acquired a majority stake in The Climbing Hangar, one of the UK’s leading bouldering gym operators, investing alongside the founder and existing management team.
According to a press statement, this strategic partnership will provide capital and resources to enable The Climbing Hangar to accelerate its growth by building new sites in the UK, acquiring high-quality existing operations, and deepening its brand and climbing community.
The Climbing Hangar, which was founded by Ged MacDomhnaill, has grown rapidly over the last few years, building on the increasing popularity of climbing and its appeal as both a sport and fitness activity.
Since launch, MacDomhnaill has successfully scaled the business to nine sites and over 20,000 members across the UK, appealing to experienced climbers and beginners alike.
The Climbing Hangar partners with Shauna Coxsey MBE, Olympian and the UK’s most successful female competition climber, and leads several community initiatives, including Refugees Rock and Hangar Women Rock to encourage participation in the sport.
Verlinvest has a proven track record of successfully developing consumer brands and multi-site businesses on a global scale including K1 Speed, Tony’s Chocolonely, Oatly, and Insomnia Cookies.
