RADNOR, PA — Hidden River Strategic Capital announced that its portfolio company, Somersault, has acquired six The Little Gym locations in California’s South Bay and San Jose markets, expanding the company’s footprint to 29 units across eight states.
Somersault is the largest franchisee within The Little Gym system, which is part of youth enrichment platform Unleashed Brands, according to the announcement.
With the acquisition, Somersault now operates 29 locations and has plans to develop 12 additional units within its existing territories.
Richard Moore, Somersault’s chief executive officer, said the company sees continued growth opportunities within the brand.
“We are proud of the team and culture we have built at Somersault, and we see significant long-term opportunity to continue building an industry-leading organization within The Little Gym,” Moore said.
Somersault was formed in August 2023 following Hidden River’s initial acquisition of seven The Little Gym locations in partnership with Taurus Capital Partners, an investor based in Chicago. Hidden River is a private equity firm headquartered in suburban Philadelphia.
Kevin Condon, co-founder and partner at Hidden River, said the California expansion marks a key step in the company’s growth strategy.
“The expansion into California represents an important milestone in Somersault’s growth trajectory and underscores the momentum behind the platform,” Condon said.
The Little Gym provides enrichment and physical development programs for children ages four months through 12 years.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.