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JackRabbit to acquire Olympia Sports Stores

Oct 25, 2019 United States
JackRabbit to acquire Olympia Sports Stores
A portfolio company of CriticalPoint Capital, JackRabbit, announced the cquisition of Olympia Sports Stores. This deal represents the Fourth Investment by JackRabbit over previous 2 years
JackRabbit, a retailer of athletic footwear, apparel, and accessories owned by affiliates of CriticalPoint Capital announced the acquisition of certain assets and liabilities, including the online presence and the Olympia Sports brand from prominent retail sporting goods company, Olympia Sports. Originally founded in 1975 in Portland Olympia currently operates its brick and mortar stores primarily in the Northeast US while also serving online customers via its e-commerce site Olympiasports.net.

"We are thrilled to welcome the Olympia Sports brand into the JackRabbit family. Olympia has been a leader and household name in providing premium athletic specialty brands and sporting goods in the Northeast for 45 years. This acquisition continues JackRabbit's expansion and commitment to providing the most complete, high-performance product offerings, services, and experiences to the active lifestyle fan across all markets and channels. Additionally, we will continue to operate the acquired stores under the Olympia Sports banner", commented Bill Kirkendall, CEO of JackRabbit.

JackRabbit serves a broad audience of runners, athletes, and fitness enthusiasts through its specialty retail stores in 17 states and on its e-commerce sites jackrabbit.com, clevertraining.com, and surfoutfitter.com. JackRabbit bolstered its presence in the active lifestyle category in 2017 through a joint venture with Rogue Training, a renowned training company for runners, and again in 2018 with the acquisition of Clever Training, a world-class provider of fitness technology and accessories. With the addition of Olympia, the consolidated company will operate 135 brick and mortar stores.

Brad Holtmeier, Partner at CPC added: "Olympia Sports is a cornerstone investment and brand for the JackRabbit family of stores due to its success serving communities in the Northeast over the previous 45 years. The combination of these two specialty athletic retailers is an ideal match and allows JackRabbit to expand its footprint and product categories further into athletic goods, while maintaining its commitment to dedicated athletes and runners."

CriticalPoint Capital

Founded in 2012, CriticalPoint Capital (CPC) is a private investment firm based in California. CPC's portfolio is currently comprised of five platform investments and the firm looks to grow through additional platform and add-on acquisitions.

Image credits: Adeolu Eletu on Unsplash

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