Sportsman’s Warehouse Hold-ings Inc. of Sandy has agreed to buy eight Field & Stream stores from Dick’s Sporting Goods Inc. The acquired stores will be operated as Sportsman’s Warehouse stores and are located in Pennsylvania, New York, North Carolina and Michigan. The total purchase price of $28 million for inventory and assets will be funded through borrowings under Sportsman’s revolving credit facility, the company said. Sportsman’s will sublease the eight locations from Dick’s. The transaction is expected to close on Oct. 11.
Sportsman’s Warehouse owns and operates 95 outdoor sporting goods stores in 25 states. Founded in 1986, the company employed 5,100 prior to its latest acquisition.
“We are very pleased to announce this opportunistic expansion of our current 95-store base through the acquisition of these eight Field & Stream locations,” said Jon Barker, Sportsman’s Warehouse CEO. “Each of these stores operate in strong markets, with well-established customer bases. We look forward to serving these communities with our continued strong commitment to provide outstanding gear and exceptional service to inspire outdoor memories.”