M&A Deal Summary

3STEP Sports Acquires Elite Development Program

On December 13, 2023, 3STEP Sports acquired media company Elite Development Program

Acquisition Highlights
  • This is 3STEP Sports’ 5th transaction in the Media sector.
  • This is 3STEP Sports’ 18th transaction in the United States.
  • This is 3STEP Sports’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2023-12-13
Target Elite Development Program
Sector Media
Buyer(s) 3STEP Sports
Deal Type Add-on Acquisition

Target

Elite Development Program

East Brunswick, New Jersey, United States
Elite Development Program provides 130,000+ youth soccer players ages 5 years through 22 years old the opportunity to play soccer at competitive levels in best-in-class leagues and events, including tournaments, college showcases, and festivals. Spanning New England, the Mid-Atlantic, Ohio, Florida, and Eastern Canada. Elite Development Program was founded in 1999 and is based in East Brunswick, New Jersey.

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Buyer(S) 1

Buyer

3STEP Sports

Andover, Massachusetts, United States
Category Company
Founded 2016
Sector Consumer Services
DESCRIPTION

3STEP Sports is a premier, inspiring and authentic experience – dedicated to perfecting every aspect of the athlete funnel. The 3STEP reach spans 43 states and serves more than 3.2 million athletes across nine sports through industry-leading events, nationally spanning club programs, premier media content and more. 3STEP Sports was founded in 2016 and is based in Andover, Massaachusetts.

DEAL STATS #
Overall 18 of 18
Sector (Media) 5 of 5
Type (Add-on Acquisition) 18 of 18
State (New Jersey) 3 of 3
Country (United States) 18 of 18
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 US Officials

Lexington, Massachusetts, United States

US Officials is an integral resource hub for soccer event operators, assigners, and officials. The company currently partners with more than 50 soccer event operators, serving the majority of New England’s youth and adult soccer leagues. It offers referee mentoring and professional development opportunities to help enhance the game-day experience for referees, clubs, teams, players, and families. US Officials was formed in Lexington, Massachusetts.

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