BSN Sports, owned by Charlesbank Capital Partners’ Varsity Brands, has acquired Lids Team Sports from Genesco Inc. (NYSE: GCO). Terms were not disclosed.
Lids, located in Indianapolis and founded in 2009, sells sports apparel and equipment to schools along with other athletic programs. Boston-based Charlesbank purchased Varsity brands in November 2014. In December 2015, Varsity Brands bought apparel company Allgoods. The combined company will be led by BSN CEO Adam Blumenfeld. Genesco, a sports clothing retailer, says the divestiture will allow the company to focus on its core businesses.
In other recent sports related deals: American Eagle Outfitters Inc. (NYSE: AEO) is buying Tailgate Clothing Co. and Todd Snyder New York; Bruckmann Rosser Sherrill & Co. acquired race car equipment maker Simpson Performance Products Inc.; Bowflex owner Nautilus Inc. (NYSE: NLS) has agreed to purchase fitness product maker Octane Fitness LLC; and Norwest Equity Partners has picked up ski and snowboard equipment retailer Christy Sports.