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 $112.7M in enterprise value.
The deal includes the assumption of approximately $71.4M in credit line borrowings as of 29 June 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 maximising value for our stockholders,” said Steven G. Miller, Chairman, President and CEO of Big 5 Sporting Goods.
Based in El Segundo, California, Big 5 operates 414 stores across the Western US, with an assortment that includes a wide range of sporting goods equipment, apparel and accessories. Stores average 12,000sq ft.
“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.”
