On February 8, 2022, Station made an investment in Harpers Ferry, WV-based River Riders, an outdoor recreation resort operator founded in the mid-1970s. River Riders offers a variety of outdoor activities, including river tubing, river rafting, ziplining, and aerial adventures, together with camping and lodging accommodations. Home of two of the top five recreational waterways in the U.S., River Riders primarily serves visitors from nearby Washington D.C. and Baltimore, MD. In 2021, River Riders serviced nearly 93,000 visitors.

Investment Profile:

Status: Active, Station Partners, I, L.P.

Investment Date: February 8, 2022

Transaction Type: Recapitalization

Strategy: Accelerating Growth / Buy & Build

Station Lead(s): Rooke, Becker

Investment Highlights:

Steady Demand: Strong (initial) demand for existing (rafting, tubing, aerial) and new activities (snowtubing), camping and lodging.
Acquisition Piepline: Building acquisition pipeline of potential targets for geographic expansion.
Hiring for Seasonal Labor: Company fully staffed for summer season.
Snowtubing: Building snowtubing hill on existing land to smooth seasonality of the business. Will be one of the closest snowtubing hills to both Washington, D.C. and Baltimore, MD once complete. Projected opening is January 2023.