Worldwide Golf and Capitol Hill Group have joined forces to acquire Big 5 Sporting Goods in a significant deal valued at $112.7 million, marking a transition of the well-known U.S. retailer to private ownership.
The strategic acquisition combines Capitol Hill Group’s financial capabilities with Worldwide Golf’s expertise in specialty retail. This partnership is anticipated to provide substantial long-term capital to Big 5, thereby enhancing its growth potential and strengthening its market presence, particularly in the western United States.
Following the acquisition, Big 5 will maintain its operations as an independent entity under Capitol Hill Group’s umbrella, benefiting from the synergies that the partnership offers.
Headquartered in El Segundo, California, Big 5 Sporting Goods offers a wide array of products, including athletic footwear, apparel, accessories, and equipment for various sports and outdoor activities. Currently, the retailer operates 414 locations under the “Big 5 Sporting Goods” brand, with each store averaging around 12,000 square feet.
For the fiscal year ending December 29, 2024, Big 5 recorded net sales of $795.5 million but reported a net loss of $69.1 million, translating to a loss of $3.15 per basic share.
Theodore Shin, CEO of Capitol Hill Group, expressed enthusiasm about the acquisition, stating, “We are excited to support the next phase of the company’s evolution. Big 5 has established a strong foundation as a prominent bricks-and-mortar sporting goods retailer. We appreciate the company’s rich history and culture, and we look forward to advancing that legacy.”
Steven Miller, Chairman, President, and CEO of Big 5 Sporting Goods Corporation, remarked, “This transaction heralds a promising new era for Big 5, allowing us to continue our tradition of providing high-quality sporting goods at exceptional value while maximizing returns for our shareholders. I extend my gratitude to our dedicated employees, loyal customers, and valued vendors who support Big 5 in all the communities we serve.”
