ASB Sports Acquisition, Inc. Announces Three Add-on Acquisitions
MIAMI--(BUSINESS WIRE)--Sep 28, 2018--Trivest Partners (“Trivest”) today announced that its affiliate, Athletic Supply/Barcelona Sporting Goods (“Athletic Supply” or the “Company”) has partnered with Williams’ Sporting Goods (“WSG”), Cardinal’s Sports Center (“Cardinal’s”), and Team Sports, Inc. (“TSO”). These acquisitions will serve to broaden the Company’s product lines, build density in existing markets, deepen relationships with key vendors, grow the Company’s sales coverage network, and expand into the attractive Midwest geographic region. The key executives of each partner company are joining Athletic Supply’s management team and will retain meaningful ownership in the combined business. Most importantly, Athletic Supply remains well positioned to continue to deliver on its #1 priority – delivering outstanding customer service.
WSG, founded in 1945 and headquartered in Paris, TX, is a provider of apparel and sports equipment to schools, little leagues, and other sports organizations in Northeast Texas and Southeastern Oklahoma. The partnership closed in May 2018. Cardinal’s Sports Center is a 70+ year old supplier of athletic equipment and apparel and market leader in West Texas and beyond. Based in Lubbock, TX, Cardinal’s also maintains a state-of-the-art screen printing and embroidery operation. The Cardinal’s partnership closed in August 2018. TSO is a leading customer service-focused provider of athletic apparel, uniforms, equipment, and footwear to the Ohio, Michigan, Kentucky, and Indiana markets. Founded in 1980 and headquartered in Toledo, OH, TSO will serve as the platform for Athletic Supply’s continued growth in the Midwest. The TSO partnership closed in September 2018.
Athletic Supply is now one of the leading value-added distributors of sporting goods equipment in the country. With a team of over 80 sales professionals and a loyal customer base of more than 3,500 accounts across seven states, the Company is positioned to build on its reputation of providing a broad array of products from nearly every brand in the marketplace with unmatched, local customer service. As a relationship driven organization, Athletic Supply will continue to partner with Sports, Inc., the largest team and outdoor buying group in the country.
About Athletic Supply:
Athletic Supply is a leading value-added distributor of sporting goods equipment, primarily to high schools and colleges. By leveraging a like-minded approach to putting customer needs first, Athletic Supply has grown from a single operation in Texas into one of the largest independent team sports dealers in the country with sales coverage in seven states.
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $6.0 billion in value. For additional information, please visit www.trivest.com.
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CONTACT: Trivest Partners
Russ Wilson, 305-858-2200
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA INDIANA KENTUCKY MICHIGAN OHIO TEXAS
INDUSTRY KEYWORD: EDUCATION UNIVERSITY DEPARTMENT STORES OTHER SPORTS GENERAL SPORTS RETAIL SPECIALTY SPORTS
SOURCE: Trivest Partners
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PUB: 09/28/2018 10:00 AM/DISC: 09/28/2018 10:01 AM