Big 5 Sporting Goods Acquired by Partnership of Worldwide Golf and Capitol Hill Group
Deal News | Jun 30, 2025 | Globenewswire
Big 5 Sporting Goods Corporation, a major sporting goods retailer, has entered into a definitive agreement to be acquired by a partnership consisting of Worldwide Golf and Capitol Hill Group for approximately $112.7 million. The all-cash transaction includes the assumption of $71.4 million in credit line borrowings. This acquisition offers Big 5 stockholders $1.45 per share, a 36% premium to its 60-day volume weighted average price. The merger, which has unanimous support from Big 5's Board of Directors, is expected to close in the second half of 2025, pending stockholder approval and other conditions. Following the merger, Big 5 will be delisted from Nasdaq and become a private company. This deal combines Capitol Hill Group's financial strength with Worldwide Golf's retail expertise, positioning Big 5 for enhanced growth in its sector. The transaction was advised by Moelis & Company LLC and several legal firms, including Latham & Watkins LLP.
Sectors
- Retail
- Private Equity
Geography
- United States – Big 5 Sporting Goods operates primarily in the western U.S., while Worldwide Golf and Capitol Hill Group also operate across the United States.
- Canada – Worldwide Golf has a retail presence in Canada as well.
Industry
- Retail – Big 5 Sporting Goods Corporation is a major player in the retail industry, specializing in sporting goods.
- Private Equity – Capitol Hill Group, involved in this acquisition, is a private investment firm contributing financial resources.
Financials
- 112.7 million – The enterprise value of the acquisition deal for Big 5 Sporting Goods Corporation.
- 1.45 – Cash amount per share to be received by Big 5 stockholders, representing a 36% premium to the 60-day volume weighted average price.
- 71.4 million – Amount in credit line borrowings assumed as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Big 5 Sporting Goods Corporation | Target | Company | A leading sporting goods retailer in the western United States, currently operating 414 stores. |
| Worldwide Golf | Bidding Company | Company | A leading nationwide retailer of golf equipment, apparel, shoes, and accessories. |
| Capitol Hill Group | Bidding Company | Company | A Bethesda, Maryland-based private investment firm with diversified holdings. |
| Moelis & Company LLC | Financial Advisor | Company | Served as financial advisor for Big 5 Sporting Goods Corporation in this transaction. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal advisory services to Big 5 Sporting Goods Corporation. |
| Skadden, Arps, Slate, Meagher & Flom LLP | Legal Advisor | Company | Provided legal advisory services to Capitol Hill Group and its entities. |
| Holland & Knight LLP | Legal Advisor | Company | Provided legal advisory services to Capitol Hill Group and its entities. |
| Sklar Kirsh LLP | Legal Advisor | Company | Provided legal advisory services to Capitol Hill Group and its entities. |