Big 5 Sporting Goods to be acquired in $112.7 million deal
Big 5 Sporting Goods Corp. is going private.
The sporting goods retailer has agreed to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group in an all-cash transaction valued at approximately $112.7 million in enterprise value. The deal includes the assumption of approximately $71.4 million in credit line borrowings as of June 29, 2025.
The transaction, which has been unanimously approved by Big 5’s board, is expected to close in the second half of 2025. Upon completion of the transaction, Big 5’s common stock will no longer be listed on the Nasdaq Stock Exchange, and it will become a private company.
“This transaction marks an exciting new chapter for Big 5 that allows the company to carry on its legacy of serving customers with quality sporting goods at an exceptional value while maximizing value for our stockholders,” said Steven G. Miller, chairman, president and CEO of Big 5 Sporting Goods.
Based in El Segundo, Calif., Big 5 operates 414 stores across the Western U.S, with an assortment that includes a wide range of sporting goods equipment, apparel and accessories. Stores average 12,000 sq. ft.
Under the terms of the agreement, Big 5 stockholders will receive $1.45 per share in cash. This represents a premium of approximately 36% to the company’s 60-day volume weighted average price.
Worldwide Golf operates 95-plus stores under various banners across 25 states and multiple e-commerce sites, specializing in golf equipment, apparel, shoes and accessories. Capitol Hill is a Maryland-based private investment firm with diversified holdings, including retail.
The acquisition combines Capitol Hill’s financial resources with Worldwide Golf’s specialty retail expertise, providing Big 5 with the capital and support to re-energize its growth in the sporting goods retail sector, acording to a press release.
Big 5 will remain an independent company within the Capitol Hill Group portfolio and leverage the combined resources of the partnership.
“We are thrilled to support the next stage of the company’s evolution,” said Theodore Shin, CEO, Capitol Hill Group. “Big 5 has built an impressive foundation as a leading bricks and mortar sporting goods retailer. We also admire the deep history and culture of the company, and look forward to carrying that forward into the future.”
Advisors
Moelis & Company LLC served as financial advisor and Latham & Watkins LLP served as legal advisor to the Company. Skadden, Arps, Slate, Meagher & Flom LLP, Holland & Knight LLP, and Sklar Kirsh LLP served as legal advisors to Capitol Hill Group and its related entities.
