Sports equipment merchant Sport Supply Group announced June 30 it acquired certain assets from Evansville, IN-based Gus Doerner Sports. Terms were not disclosed, but Sport Supply Group acquired the rights to Doerner’s Team Sports Division—which caters to high school, college and out-of-school sports programs in southern Indiana.
“Similar to the recently announced Webster’s Team Sports acquisition in southern Florida, this transaction affords SSG the ability to expand its coverage of an important state while leveraging the pre-existing infrastructure and support systems already in place in that region,” said Sport Supply Group chairman/CEO Adam Blumenfeld in a release. “We are excited to have the Doerner’s team aboard and look forward to a promising future.”
Sport Supply Group markets via catalogs, a 40-person telesales team, more than 200 direct sales professionals, as well as redistribution partners, and several Websites. For its third quarter, Sport Supply Group saw its revenue slip 3.1%, to $63.7 million, down from $65.8 million in the same period last year. But for the period ended March 31, net income increased nearly 4%, to $3.5 million.