M&A Deal Summary

Dick s Sporting Goods Acquires Golf Galaxy

On February 13, 2007, Dick s Sporting Goods acquired retailer Golf Galaxy from Primus Capital Funds for 225M USD

Acquisition Highlights
  • This is Dick s Sporting Goods’ 1st transaction in the Retail sector.
  • This is Dick s Sporting Goods’ largest (disclosed) transaction.
  • This is Dick s Sporting Goods’ 1st transaction in the United States.
  • This is Dick s Sporting Goods’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-02-13
Target Golf Galaxy
Sector Retail
Buyer(s) Dick s Sporting Goods
Sellers(s) Primus Capital Funds
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) Piper Jaffray Companies
Aspect Consumer Partners (Financial)

Target

Golf Galaxy

Coraopolis, Pennsylvania, United States
website
Golf Galaxy, Inc. owns and operates golf stores. It offers golf equipment, including golf clubs, balls, bags/carts/travel, grips/shafts/clubheads, clubmaking tools and supplies, and GPS/range finders. The company also provides golf wear products, such as golf apparels, shoes, gloves, hats, eyewear, and jewelry/watches; golf accessories, including head covers, golf tees, and divot tools; and golf gifts

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Buyer(S) 1

Buyer

Dick s Sporting Goods

Coraopolis, Pennsylvania, United States

website

Category Company
Founded 1948
Sector Retail
Employees17,800
Revenue 12.3B USD (2022)
DESCRIPTION

Dick's Sporting Goods is a retailer for sports and fitness apparels and accessories. Dick's Sporting Goods was founded in 1948 and is based in Coraopolis, Pennsylvania.

DEAL STATS #
Overall 1 of 9
Sector (Retail) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Pennsylvania) 1 of 1
Country (United States) 1 of 9
Year (2007) 1 of 2
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-26 Chick s Sporting Goods

Covina, California, United States

Chick's Sporting Goods LLC, is a retail specialty sporting goods stores.

Buy $71M

Seller(S) 1

SELLER

Primus Capital Funds

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $40 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus was formed in 1984 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 6 of 43
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 26
State (Pennsylvania) 2 of 3
Country (United States) 5 of 42
Year (2007) 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-29 Merrill Gardens

Seattle, Washington, United States

Merrill Gardens owns and operates 21 senior living communities in four states with a focus on lifestyle.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Sell -
Mergr

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