Pike Street Capital LLC is buying a majority stake in Head Rush Technologies, a Boulder, Colo.-based climbing and recreation equipment maker.

Pike intends to invest significantly in the company to bolster its commercial capacities and use its technology to boost product development.

Head Rush founders John McGowan and Steve Holmes will remain as investors in the company, with the former as CEO and the latter as lead in selected strategic projects.

Pike is a lower-middle-market private equity firm based in Seattle with a focus on industrial technology companies.