Denver, Colorado, August 31, 2018– JackRabbit announced today that it has completed the acquisition of Nashville based Rhythm Running. In addition, the company announced it is opening 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.
Bill Kirkendall, CEO: 720-775-6996
Connor Martin, CriticalPoint Capital: 310-321-4400