Launch Accelerates Growth with Investment from Silver Oak Services Partners
September 16, 2021 // Franchising.com // WARWICK, RHODE ISLAND - Launch Entertainment (“Launch” or the “Company”), a franchisor of innovative, year-round family entertainment centers, is proud to announce its recent partnership with Silver Oak Services Partners, LLC (“Silver Oak”).
Founded in 2012 by Rob and Erin Arnold, Launch offers a differentiated family entertainment center experience with a wide variety of attractions and amenities for all ages including XP Arena, ninja courses, laser tag, bowling, trampolines, premium food and beverage, and more.
“We decided as a company to view last year’s challenges as an opportunity to plan for Launch’s future. We used the downtime to refine our family entertainment concept and bring on an investment partner who could help fuel growth,” CEO Rob Arnold stated. “The partnership with Silver Oak allows us to expand our corporate team with leading franchise professionals, evolve and innovate our brand at a more rapid pace, build on our existing momentum through franchise and corporate park development, and execute on acquisitions of other complementary family entertainment concepts.”
Since the investment by Silver Oak, Launch has bolstered its infrastructure with multiple key management hires, completed four acquisitions of corporate parks and continued to build its pipeline of impressive franchisee locations across the U.S.
Silver Oak was attracted to Launch given the Company’s differentiated family entertainment center concept, experienced and passionate team, and strong growth potential. Andrew Gustafson, Partner at Silver Oak, said “We are very excited to partner with Rob, Erin, Travis and the rest of the team at Launch. We believe the Company has significant white-space to grow and a unique model in the evolving family entertainment space that provides entertainment for all ages.”
SOURCE Launch Entertainment
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