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 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
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) Aspect Consumer Partners
Piper Sandler & Co. (Financial)

Target

Golf Galaxy

Coraopolis, Pennsylvania, United States
Golf Galaxy 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. Golf Galaxy was formed in 1990 and is based in Coraopolis, Pennsylvania.

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Buyer(S) 1

Buyer

Dick s Sporting Goods

Coraopolis, Pennsylvania, United States
Category Company
Founded 1948
Sector Retail
Employees18,900
Revenue 13.0B USD (2024)
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

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

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 $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 6 of 46
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 28
State (Pennsylvania) 2 of 3
Country (United States) 5 of 45
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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