SeatGeek Closes On $35M In VC Financing Golf Sales Cut Into Dick's Profits ClubCorp Acquires Sequoia Golf For $265M Disney Posts Record Q3 Despite ESPN CDI Earns Record Quarterly Revenue Adidas Cuts FY '14 Outlook, FY '15 Targets A-B Credits World Cup For Helping Q2 Profits "College GameDay" To Start In Ft. Worth SMI Sees Slight Revenue Drop In Q2 Under Armour's Sales Up 34% In FY Q2
Upcoming Conferences and Events
Fenway Partners Set To Merge Bell & Riddell Sports Groups
Published August 13, 2004
Private equity firm Fenway Partners has reached an agreement in principle to acquire helmet and apparel manufacturer Bell Sports for nearly $240M. The acquisition will merge Bell and Riddell Sports Group, which Fenway purchased in June ’03. The company will produce headwear and accessories for action sports and football. Bell President & CEO Bill Fry will lead the combined management team, while Bill Sherman remains Riddell President & CEO and will serve on the BOD (Fenway). Fenway Partners Managing Dir Tim Mayhew indicated that the combined company will have about $300M in revenue in ’04 and “make more than eight million helmets.” No job cuts are expected. Mayhew: “This is a merger of strengths in a sense.” The new company will be based in Irving, Texas, where Bell is based, with a sales office in Chicago and an R&D facility in Santa Cruz, California (BLOOMBERG NEWS, 8/13).