C
riticalPoint Capital, which acquired
the JackRabbit running stores from
Finish Line earlier this year, is
seeking further acquisitions.
The private equity firm has reached out to
running store owners in markets where it already
has stores, apparently looking to bolster its
position in areas such as Kansas City, Michigan
and New England.
Store owners told Running Insight they received
unsolicited phone calls from CriticalPoint
executives asking if they were interested in selling
their stores. Store owners were told if they were
interested that the next step would be signing a
non-disclosure agreement and then providing
financial information.
In Kansas City, JackRabbit owns the Garry
Gribble's Running Sports and in Michigan, it
purchased the Running Fit stores in 2014. Critical
Point owns about 65 stores in total. The stores
operate under a variety of nameplates including:
The Running Company, Run On!, Blue Mile,
Boulder Running Company, Bob Roncker's
Running Spot, Running Fit, VA Runner, Capital
RunWalk, Richmond RoadRunner, Garry
Gribble's Running Sports, Run Colorado,
Raleigh Running Outfitters, Striders and
Indiana Running Company.
CriticalPoint plans to convert almost all of its
stores to the JackRabbit nameplate starting with
stores on the East Coast and that process is already
under way.
At least two store owners contacted by
CriticalPoint said they attempted to "flip the
script" with the private equity company, saying
that they were not interested in selling but
would like to buy the stores JackRabbit owns in
their markets.
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8 runninginsight.com © 2017 Formula4media LLC.
New JackRabbit Parent
On the Prowl in Key Markets
CriticalPoint,
the owner of
JackRabbit,
is looking to
bolster its
position.
