On Friday, June 29, 2018, USC acquired and will operate the former AcuSport distribution center and related systems in Bellefontaine, Ohio and will assume the leases for the satellite distribution center in Salt Lake City, Utah and its Waite Park, Minnesota sales office. USC also hired over 100 former AcuSport employees.
As this was an asset purchase, USC did not assume any of the existing debts to creditors or vendors. Those debts remain with the estate.
"United Sporting Companies is pleased to have completed the acquisition of the state of the art distribution and IT assets of AcuSport. Further, we are delighted that we were able to retain and provide employment to over 100 of AcuSport’s former employees. We believe this purchase synergistically combines the best of AcuSport and United Sporting Companies to create the industry's leading shooting sports distribution company," said Brad Johnson, CEO of United Sporting Companies.
USC anticipates resuming shipments from the Utah distribution facility in July and the Ohio facility by fall 2018.
United Sporting Companies (USC) is a leading nationwide distributor of hunting, outdoor and marine products. The company operates through two subsidiaries, Ellett Brothers, and Jerry’s Sport Center which were founded in 1933 and 1949, respectively. Providing the Industry's largest product selection of over 85,000 SKUs in combination with the support of the most knowledgeable sales force in the country, USC proudly and efficiently serves over 30,000 independent retail customers across all 50 states through sales offices and distribution centers in Chapin, SC, Newberry, SC, Pittston, PA, Downingtown, PA, Dayton, OH, Spring Hill, KS, Dallas, TX, Sacramento, CA, Bellefontaine, OH, Salt Lake City, UT and Waite Park, MN.
McDermott Will & Emery acted as legal counsel, and Houlihan Lokey Capital, Inc. served as financial advisor, to United Sporting Companies and Bryan Cave Leighton Paisner LLP and Allen Kuehnle Stovall & Neuman LLP are serving as legal counsel, Huron Consulting Group LLP is serving as financial advisor, and Huron Transaction Advisory LLP is serving as investment banker, to AcuSport Corporation.