News

CriticalPoint Capital Completes Merger of Shoes.com with Its Footwear and Athletic Specialty Platform, Running Specialty Group, operator of JackRabbit, Olympia Sports, and Clever Training 1024 683 CriticalPoint Capital

CriticalPoint Capital Completes Merger of Shoes.com with Its Footwear and Athletic Specialty Platform, Running Specialty Group, operator of JackRabbit, Olympia Sports, and Clever Training

MANHATTAN BEACH, CA, January 6, 2021 – Affiliates of CriticalPoint Capital, LLC (“CriticalPoint Capital” or “CPC”) announced today it has completed the merger of the recently acquired Shoes.com business with CPC’s existing platform Running Specialty Group, operator of the JackRabbit, Olympia Sports and Clever Training footwear and athletic specialty retailers.

The combination creates a market-leading, omni-channel specialty footwear platform with a wide range of branded footwear, apparel and athletic offerings catering to its devoted customer base while capitalizing on its distinct eCommerce sites and physical footprint of approximately 130 retail stores across the United States.  Shoes.com, JackRabbit, Olympia Sports and Clever Training (together, “RSG”) will continue to operate under their respective banners, while benefiting from a core infrastructure and shared services operational model focused on better serving and connecting with consumers.  

Affiliates of CPC first entered the footwear industry in early 2017 with the acquisition of JackRabbit, a leading omni-channel retailer of performance athletic footwear, apparel and accessories that serves a broad audience of runners, athletes and fitness enthusiasts.  JackRabbit subsequently bolstered its presence in the active lifestyle category later that year, through a joint venture with Rogue Training (now Rogue Running), a renowned training company for runners, and again in 2018 with the addition of Clever Training, a specialty retailer of fitness technology and active-gear enthusiast products.  In 2019, JackRabbit welcomed the Olympia Sports brand, adding stores in the Northeast U.S. while also serving online customers.  Shoes.com, a leading online retailer of footwear, apparel and accessories, offering major brands spanning athletic to casual, marks CPC’s latest investment in the category, which it acquired from Walmart in October of 2020.

“We are excited about the integration of Shoes.com into our family of specialty businesses as it further expands our product portfolio while providing customers greater access to top-tier brands through our full-service stores and powerful digital platform.” said Bill Kirkendall, CEO of RSG.  Bill further commented, “With strong positions in each of our targeted markets, we believe Shoes.com is an important addition to the RSG platform.  We are very enthusiastic for what the new combination entails, including increasing support and scale, enhancing our key capabilities, and expanding distribution points across the nation, while providing an attractive future for everyone involved including our employees, customers and vendors.”

“The integration of Shoes.com creates a truly unique multi-channel platform to house the best brands in footwear and to service today’s active lifestyle consumer,” Brad Holtmeier, Partner at CPC added. “Together, the companies can capitalize on each of their brand’s market leadership, vendor relationships and operational, distribution and marketing capabilities to drive higher revenue growth and profitability than any of the companies could independently accomplish.”

ABOUT CRITICALPOINT CAPITAL

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA.  The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth.  CPC’s portfolio is comprised of investments across a wide variety of industries and the firm looks to grow through additional platform and add-on acquisitions. www.criticalpointcapital.com

ABOUT RUNNING SPECIALTY GROUP

A family of brands including JackRabbit, Shoes.com, Olympia Sports, and Clever Training.

JackRabbit is a leading omni-channel retailer of performance athletic footwear, apparel and accessories serving a broad audience of runners, athletes and fitness enthusiasts seeking high-performance training gear. www.jackrabbit.com

Shoes.com is a leading online retailer of footwear, apparel and accessories in the U.S. and internationally offering a broad assortment of the best brands spanning athletic to casual for women, men and children. www.shoes.com

Olympia Sports is a prominent retail sporting goods company that operates brick and mortar stores primarily in the Northeast U.S. while also serving online customers via its eCommerce site.  www.olympiasports.net

Clever Training is a multi-channel, specialty retailer of fitness technology and active-gear enthusiast products. www.clevertraining.com

CriticalPoint Capital Completes Sale of Arlon Electronic Materials Division to Elite Material Co. 1024 586 CriticalPoint Capital

CriticalPoint Capital Completes Sale of Arlon Electronic Materials Division to Elite Material Co.

MANHATTAN BEACH, CA, January 5, 2020 – Affiliates of CriticalPoint Capital, LLC (“CriticalPoint Capital” or “CPC”) announced today the completion of the sale of Arlon Electronic Materials Division (the “Company” or “Arlon EMD” or “Arlon”) to Elite Material Co. Ltd. (“EMC”).  Headquartered in Rancho Cucamonga, California, Arlon is a leading manufacturer of specialty, high performance laminate and prepreg materials for use in a wide variety of printed circuit board applications, primarily serving the aerospace and military end markets.  EMC is Taiwanese-based, and the fifth largest copper clad laminate (CCL) and prepreg manufacturer, globally.  EMC acquired Arlon in order to establish a North American manufacturing base to meet long-term market demand in the United States.

For over 50 years, Arlon EMD has earned a reputation as a specialty materials manufacturer, providing high quality products with reliable performance and quick-turn production capability.  The Company focuses on developing and manufacturing niche products designed to address specific problems that OEMs and fabricators encounter in their design and manufacturing activities.  The Company delivers a superior value proposition supporting high value, high risk applications where product failures have potentially extreme consequences.  

Under CPC’s ownership since 2015, Arlon has undergone a significant facility expansion and equipment upgrade at its production site in Rancho Cucamonga. The upgrades and expansion of the 82,000 square foot facility resulted in an increase in manufacturing floor space of 35% and a 20% improvement in manufacturing efficiency.  These upgrades enabled the Company to conduct additional quick-turn services and specialty product manufacturing.  Further, Arlon expanded its product portfolio with the addition of four new products, demonstrating its commitment to constantly evolve to serve its customers’ needs.  As a result, Arlon’s revenue and EBITDA grew during each year of CPC’s ownership.

“Our time together with Arlon and the management team led by Brad Foster has been incredibly fruitful,” said Brad Holtmeier, Partner at CPC. “During our partnership, the Company introduced new products, improved its manufacturing capabilities, and invested in significant capital improvement projects.  We are proud of our investment into the organization and believe Arlon is well-positioned for growth with EMC’s leadership and substantial manufacturing and technical expertise.”

“We are grateful for CriticalPoint Capital’s financial and strategic support over the past five years,” said Brad Foster, President of Arlon. “Not only has CPC been instrumental in helping us attain our growth objectives, but they truly understand the key value drivers and overall investment strategy allowing me and my team to run the day-to-day business.  The collaborative approach with CPC has enabled us to expand our market leadership and build tremendous positive momentum that will continue to drive the business forward.”

The sale represents CPC’s second exit in the last three months.  In September, CPC announced the sale of the assets of Organized SportsWear to Spiritwear.com.  CPC has also been active in adding to its portfolio having completed three acquisitions in the last quarter including Walmart’s Shoes.com, AECOM’s Power Construction division (rebranded as “United E&C”) and Southern States Cooperative’s Farm Supply Distribution division (rebranded as “Agway Farm & Home”). 

ABOUT CRITICALPOINT CAPITAL

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA.  The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth.  CPC’s portfolio is composed of investments across a wide variety of industries and the firm looks to grow through additional platform and add-on acquisitions. www.criticalpointcapital.com

ABOUT ARLON EMD

Founded in 1969 and headquartered in Rancho Cucamonga, California, Arlon is a leading manufacturer of specialty high performance, laminate and prepreg materials for use in a wide variety of printed circuit board (“PCB”) applications. The Company provides various thermoset resin technology products for a variety of substrates including woven glass and non-woven aramid.  The company offers specialty laminates for high temperature environment, high layer count PCBs, enhanced electrical properties and high-density interconnections.    

www.arlonEMD.com

CriticalPoint Capital Completes Acquisition of the Agway Farm Supply Distribution Division from Southern States Cooperative 1024 512 CriticalPoint Capital

CriticalPoint Capital Completes Acquisition of the Agway Farm Supply Distribution Division from Southern States Cooperative

MANHATTAN BEACH, CA, December 21, 2020 – Affiliates of CriticalPoint Capital, LLC (“CriticalPoint Capital” or “CPC”) announced today it has completed the acquisition of substantially all of the assets of the Farm Supply Distribution division from Southern States Cooperative, one of the largest farm supply retail and service cooperatives in the United States.  The division will be rebranded as Agway Farm & Home (“Agway” or the “Company”) and will continue to nurture its deep agricultural roots as a wholesale product distribution company providing a vast network of farm and home retailers with their seasonal home and hardware, farm supply, lawn and garden, bird, pet and animal health needs.

Since 1964, Agway has served a network of over 1,250 private dealers and Southern States Cooperative-owned retail locations throughout the East Coast.  Outside of the Southern States Cooperative-owned locations, each store is individually owned and operated and offers an extensive selection of branded and private label products uniquely chosen for each market.  

“We are excited about this next chapter in Agway’s proud history, as it ensures our loyal base of long-standing customers continued access to quality products while enabling our talented team to continue doing what they do best,” said Jay Quickel, CEO of Agway Farm & Home. “We are excited to welcome CriticalPoint Capital’s strategic approach and operational expertise and look forward to partnering with them to execute our shared vision for Agway.”

“Agway has built an outstanding brand with a 56-year heritage and an extensive network of distribution centers and firmly positioned itself as a leading farm supply distributor in the Eastern United States,” said Brad Holtmeier, Partner at CPC. “We look forward to working with Agway’s deeply experienced management team to continue to build on their success through organic growth initiatives and strategic acquisitions.”

CriticalPoint Capital Completes Acquisition of the Power Construction Division from AECOM 800 450 CriticalPoint Capital

CriticalPoint Capital Completes Acquisition of the Power Construction Division from AECOM

Division to Operate Under the United E&C Brand and will Continue as an Independent Engineering and Construction Services Company Serving the Energy Generation and Delivery Markets

PISCATAWAY, NJ and MANHATTAN BEACH, CA (October 19, 2020) – United E&C, Inc. (“United”), a leading infrastructure engineering, procurement, construction and consulting company, formerly the Power Construction division of AECOM (NYSE: ACM), today announced its launch as an independent company and the closing of AECOM’s sale of United to affiliates of CriticalPoint Capital, LLC (“CriticalPoint Capital” or “CPC”).

“United continues our 115-year heritage of providing end-to-end engineering and construction services to the power industry,” said Scott Reeder, Chief Executive Officer of United. “In CriticalPoint Capital, we have found a partner with the industry knowledge and operational resources to support our vision.  We are excited to work with CPC to build upon our legacy of providing critical infrastructure and services to our clients with a focus on safety, quality and integrity.”

Brad Holtmeier, Partner at CPC stated, “United represents a compelling opportunity to invest in a tremendous engineering and construction platform with a long-standing track record and reputation for quality.  We have a deep appreciation for strong engineering and construction franchises and experience in partnering with management to reinforce those strengths and accelerate their growth as a standalone company. United’s market-leading services, ability to deliver to demanding end-markets, and commitment to customer service provide an excellent foundation for the business.” This transaction expands on CPC’s expertise in the engineering and construction sector following the 2017 acquisition of Imperia Engineering Partners, a leading provider of engineering, design and construction management services to the utilities, nuclear and energy industries.  

“As we move forward, we’re leveraging the United name, which is tied to our rich history and legacy. We’re here to do something new, something different. We’re here to be united. United in our approach to our work, in partnership with our clients, to do the things that matter, just as we did more than 100 years ago – creating critical infrastructure to power our world.” said Mr. Reeder.

About United E&C

United E&C is an industry leading infrastructure engineering, procurement, construction and consulting company dedicated to improving lives by delivering the world’s most impactful solutions. Since 1905, we have served the power industry by providing comprehensive lifecycle services for the conventional generation, nuclear, transmission and distribution, renewable, and distributed energy markets. Together with our clients and partners, we are unified in our efforts to deliver innovative and transformative infrastructure designed and built to meet the demands of today and for the future. www.ueci.com

About CriticalPoint Capital

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s portfolio is currently comprised of ten platform investments across North America in a variety of industries. www.criticalpointcapital.com

CriticalPoint Capital Acquires Shoes.com from Walmart 800 450 CriticalPoint Capital

CriticalPoint Capital Acquires Shoes.com from Walmart

MANHATTAN BEACH, CA, October 13, 2020 – Affiliates of CriticalPoint Capital, LLC (“CriticalPoint Capital” or “CPC”) announced today it has completed the acquisition of Shoes.com (the “Company”) from Walmart, Inc.  Shoes.com is a leading online retailer of footwear, apparel and accessories, in the U.S. and internationally offering a broad assortment of the best brands spanning athletic to casual for women, men, and children.

Originally founded in 1999 as ShoeBuy, a pioneer in online shoe retailing, Shoes.com is headquartered in Boston, Massachusetts, the birthplace of American shoe manufacturing. 

For over two decades, Shoes.com has been a trusted industry leader serving millions of customers via its diverse and vast selection of sought-after footwear brands. 

“CriticalPoint Capital is the ideal partner to help us achieve our next phase of growth including optimizing product assortment, delivering a best-in-class footwear shopping experience, while also leveraging operational capabilities and strategies,” said John Foristall, President & CEO of Shoes.com. “CPC has extensive knowledge and experience in the footwear industry, including an understanding of our key brands and how these brand relationships have been the cornerstone of this business for over 20 years.  CPC also has a strong track record of giving companies the advice and backing they need to succeed as standalone businesses.”

The acquisition marks CPC’s most recent investment in the footwear industry, having completed previous transactions with JackRabbit, Clever Training and Olympia Sports.  Brad Holtmeier, Partner at CPC added, “We are thrilled to leverage our operational and consumer-focused expertise to help Shoes.com continue its long-standing position as a leader of online footwear and further the Company’s strategic evolution.”

ABOUT CRITICALPOINT CAPITAL

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA.  The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth.  CPC’s portfolio is currently comprised of nine platform investments and the firm looks to grow through additional platform and add-on acquisitions. www.criticalpointcapital.com

ABOUT SHOES.COM

Shoes.com is a leading online footwear, clothing and accessories retailer.  Headquartered in Boston, Massachusetts and originally founded in 1999 under the name ShoeBuy; it is one of the first eCommerce companies to sell footwear online. Today, Shoes.com carries hundreds of top brands for the whole family, helping every person find the best pair of shoes for their journey through easy, accessible, expert-guided shopping.

www.shoes.com

CriticalPoint Capital Completes Sale of Organized SportsWear Assets to Spiritwear.com 800 450 CriticalPoint Capital

CriticalPoint Capital Completes Sale of Organized SportsWear Assets to Spiritwear.com

Manhattan Beach, CA, September 11, 2020 – CriticalPoint Capital (“CPC”) announced today it has completed the sale of the assets of Organized SportsWear, a leading manufacturer and provider of custom physical education uniforms, to Spiritwear.com, the nation’s leading source for custom screen printed school apparel.  Since 1988, Organized SportsWear has been manufacturing customized silk screen printing and embroidery uniforms, spirit wear and staff apparel to public and private schools and athletic programs throughout California and bordering states.  Headquartered in Macon, GA, Spiritwear.com has been delivering customized apparel products for over a decade. Terms of the transaction were not disclosed.

Brad Holtmeier, Partner at CPC stated, “We are proud of all that Organized SportsWear has achieved during our ownership, including strategic acquisitions to further deliver best-in-class customer service to public and private schools throughout California.  We are confident that the combination with Spiritwear.com will build on these achievements.  Both organizations share the same pillars for success – customization, quality, customer service, and credibility – and together they will continue to lead the market.”

Organized Sportswear was CPC’s first acquisition and laid the foundation for CPC’s private investment practice that combines patient capital with an operationally oriented approach.  Since inception in 2012, CPC has made controlling or minority interests in nine portfolio companies and completed 8 add-on acquisitions. CPC’s investment strategy focuses on lower- and middle-market companies, typically with complicated corporate divestitures or other operationally challenging special situations. The firm’s operations team works closely with portfolio company management teams to effectuate operational improvements and other value-creating strategies to position the companies for growth. 

Cypress LLP served as legal counsel to CPC.

About CriticalPoint Capital

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA.  The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth.  CPC’s portfolio is currently comprised of eight platform investments and the firm looks to grow through additional platform and add-on acquisitions. www.criticalpointcapital.com

About Organized SportsWear  

Founded in 1988 and headquartered in Cerritos, CA, Organized SportsWear is a leading provider of custom merchandise for schools.  The company manufactures physical education uniforms, class and club clothing, and other school spirit apparel with customized silk screen printing and embroidery.  www.myosw.com

JackRabbit Acquires Olympia Sports Stores 800 722 CriticalPoint Capital

JackRabbit Acquires Olympia Sports Stores

DENVER, CO, October 9, 2019 – JackRabbit, a leading omni-channel retailer of athletic footwear, apparel, and accessories owned by affiliates of CriticalPoint Capital (“CPC”), announced today the acquisition of certain assets and liabilities, including the online presence and the “Olympia Sports” brand from prominent retail sporting goods company, Olympia Sports (“Olympia”). Originally founded in 1975 in Portland, Maine, Olympia currently operates its brick and mortar stores primarily in the Northeast U.S. 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” said Bill Kirkendall, CEO of JackRabbit. “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.”

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 surfoutfitters.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.”

“We are pleased to partner and work with JackRabbit and CriticalPoint Capital on this transaction” said Ed Manganello, President at Olympia Sports. “Olympia Sports, the Manganello family and our dedicated employees have tirelessly served our customers and communities for nearly five decades. We would like to thank everyone who has been involved in our success – especially our employees. We have accomplished great things together. We look forward to transitioning Olympia to the JackRabbit family and believe they will be outstanding stewards of the Olympia brand and its long-standing customers and vendors.”

About CriticalPoint Capital:

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s portfolio is currently comprised of five platform investments and the firm looks to grow through additional platform and add-on acquisitions.

Arlon EMD Continues Factory Expansion 1024 680 CriticalPoint Capital

Arlon EMD Continues Factory Expansion

Arlon EMD, a privately held, veteran owned, specialty laminate manufacturer has completed Phase I of their 2019 facility expansion and factory upgrades. Arlon has now more than doubled the manufacturing floor space used for shrink-wrapping, packaging and labeling materials in preparation for shipping.

Arlon’s provides a wide range of unique, specialty materials for the OEMs and fabricators, with a strong focus on reliability, quality, accuracy and short lead times. “Expansion of our facility is the first of several phases of capital investment for 2019. We are targeting improving our speed in manufacturing, product cleanliness and enhancements in facility performance. We are fortunate to have shareholders who believe in our business model and understand that our growth plans warrant such investment,” stated Brad Foster, Arlon’s president.

The Phase I expansion also entailed removing two clerical offices and opening up space for increased manufacturing output. In addition, Arlon built two new work stations, one office, added 75 feet of transport conveyor track, and purchased a new ink marking machine, tunnel oven and shrink-wrapping equipment. All this upgrade activity is designed to improve material flow through the operation. “It was important for us to get faster, more consistent and smoother with our single order flow. It’s all about speed in getting our products packaged and to our customers as quickly as possible,”commented Ricardo Mendoza, Arlon’s manufacturing manager. 

Arlon EMD is veteran owned and privately held by CriticalPoint Capital. Arlon EMD is a US manufacturer and distributor of specialty materials. Arlon has supplied materials for the N. American, UK and European markets for more than 25 years from their manufacturing location in Rancho Cucamonga, California. Visit Arlon at www.arlonemd.com.

JackRabbit Expands National Footprint 1023 684 CriticalPoint Capital

JackRabbit Expands National Footprint

Denver, Colorado, August 31, 2018– JackRabbit announced that it has completed the acquisition of Nashville based Rhythm Running.  In addition, the company announced the opening of two new stores in Houston, Texas and Tampa, Florida.  The two new store openings will occur in September.

JackRabbit is currently operating 62 stores in 18 states along with its ecommerce platform www.jackrabbit.comand offers a full assortment of all major athletic brands to service its local running communities.  The addition of Houston, Texas expands the JackRabbit footprint in the state of Texas to 12 stores.

“We are excited to have the opportunity to acquire Rhythm Running and enter the vibrant Nashville market. We could not be happier to have them join our JackRabbit team,” said Bill Kirkendall, CEO of JackRabbit. “We are also excited to expand our footprint in Texas with our new store opening in Houston and our entry into the State of Florida. Our multi-channel platform is having a positive impact on all parts of our business. We are committed to  the continued growth of the JackRabbit store base and digital platform with the full support of our employees, management team and shareholders at CriticalPoint Capital.”

JackRabbit is owned by CriticalPoint Capital, a private investment firm based in Manhattan Beach, CA. In partnership with management, the firm will continue to support the JackRabbit first-class customer service and growth strategy which will better serve our passionate customer base.

About CritialPoint Capital

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and with management teams that can benefit from patient capital and a thoughtful approach to growth.  CPC’s preferred investments are corporate divestitures, companies in a state of transition, and special situations.

CONTACTS

Bill Kirkendall, CEO: 720-775-6996
Connor Martin, CriticalPoint Capital: 310-321-4400

JackRabbit Acquires Clever Training 1024 681 CriticalPoint Capital

JackRabbit Acquires Clever Training

Denver, Co. – May 15, 2018 – JackRabbit a CriticalPoint Capital (CPC) portfolio company, announced that an affiliate has acquired Clever Training, a world class e-commerce provider of fitness gear and technology. 

Founded in 2002, Clever Training has expanded from servicing triathletes to providing a curated product selection to fitness enthusiasts across multiple sports and activities. This expansion has been led by industry leading e-commerce operations under the banner www.clevertraining.com. 

“Clever Training is a perfect addition to our company to further our commitment to offering the most complete product offerings and experiences to the active lifestyle enthusiasts,” said Bill Kirkendall, CEO, JackRabbit. “I look forward to working together with the Clever Training management team who collectively have 40+ years of e-commerce experience and a passion for active living. A united Clever Training and JackRabbit company will best serve existing and future consumers dedicated to fitness and overall well-being”. 

“We are excited to join forces with a team that is as passionate about serving the active lifestyle customer as we are. From outfitting a curated selection of shoes and apparel to providing the latest fitness gear and technology, we look forward to continuing to be a part of our customers’ journey to achieve their goals and reach new heights,” said Andrew McSwain, VP, Clever Training.

Clever Training will continue to operate under the current executive management team of Andrew McSwain, Bill Gustin, Jarod Harper and Matt Seymour from its Seminole, Florida corporate headquarters.

”The Clever Training management team has thoroughly impressed us with their ability to reach and inspire their dedicated customer base. This acquisition is the latest milestone for the JackRabbit family that has included the rebranding of our store portfolio, acquisitions of two new flagship stores, the launch of Rogue Training and a rapid expansion of our e-commerce capabilities through this acquisition. We remain interested in further e-commerce and retail store acquisition opportunities”, stated CPC Partner Brad Holtmeier. 

Parcrest Advisors served as financial advisor to the Sellers.  

ABOUT JACKRABBIT 

JackRabbit currently operates 60 athletic specialty stores in 16 states, the e-commerce sites www.jackrabbit.com and www.clevertraining.com and Rogue Training Powered by JackRabbit. The management team and employees continue to emphasize partnerships with leading footwear and fitness brands, first-class customer service and a growth strategy which will better serve our passionate customer base. 

ABOUT CRITICALPOINT CAPITAL 

Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s preferred investments are corporate divestures, companies in a state of transition, and special situations. 

CONTACTS

Pat Jacobs, Director of Digital Operations: pjacobs@jackrabbit.com
Michael Rardon, Digital Marketing Manager: mrardon@jackrabbit.com

Related Links:

JackRabbit: Visit JackRabbit.com
Creative Training: Visit CleverTraining.com

Source: https://www.jackrabbit.com/info/press-release-jackrabbit-acquires-clever-training/