Climbing gym chain · 15+ locations · Seattle, Austin, Boston, Brooklyn, Minneapolis-St. Paul, Phoenix-Tempe, Salt Lake City, Washington DC, Dallas
A family office's climbing-gym roll-up: FS Investors bought Brooklyn Boulders' distressed assets in 2022 and a Dallas gym in 2024, then installed an outside first-time CEO in 2025. Its newest Austin lease came from a smaller local gym that lost its own.
The Big Picture
Bouldering Project has grown to 15 gyms largely by acquiring distressed or displaced competitors — Brooklyn Boulders' Gowanus and Somerville locations in 2022, Oso Climbing Gyms in Dallas in 2024, and a lease taken from a smaller Austin gym the same year. Neither original founder has a confirmed current role, and a first-time outside CEO took over in 2025. The company answers to FS Investors, the family office running this consolidation.
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Company data last updated July 2026
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