October 01, 2016 9:13 AM ET

Specialty Retail

Company Overview of TSA Stores, Inc.

Company Overview

TSA Stores, Inc. operates sporting goods stores in the United States. It offers cardio equipment, fitness trackers, boxing and MMA products, fitness accessories, strength and weight training products, weights, weight benches, pool fitness products, sports medicine supplies, running gears, yoga and Pilates, and home gyms; and men's apparel, women's apparel, kid’s apparel, surf and swim products, socks, hats, winter gloves and mittens, fishing apparel, hunting apparel, and skiing products. The company provides shoes and foot care products, and replacement cleats and spikes; backpacks and duffels, water bottles and packs, sunglasses, electronics, running accessories, phone/MP3 accessories, digi...

1050 West Hampden Avenue

Englewood, CO 80110

United States

Founded in 1928

7,436 Employees

Phone:

303-200-5050

Fax:

303-832-4738

Key Executives for TSA Stores, Inc.

Chief Executive Officer and Director
Age: 58
Chief Financial Officer and Executive Vice President
Age: 41
Executive Vice President of Store Operations
Chief Merchandising Officer and Executive Vice President
Senior Vice President, Chief Counsel and Corporate Secretary
Compensation as of Fiscal Year 2016.

TSA Stores, Inc. Key Developments

Motion for Asset Sale Approved for Sports Authority Holdings, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of Sports Authority Holdings, Inc. on August 2, 2016. The debtor has been authorized to sell its certain assets to Yidel’s Fresh Food Station, LLC, the winning bidder for a purchase price of 37.5% of the aggregate cost value of assets, pursuant to an asset purchase agreement dated August 1, 2016. The debtor’s assets include certain E-Commerce inventory located at 350 Omega Parkway, Shepherdsville, Kentucky. At the auction held, Yidel’s Fresh Food Station, LLC emerged as the winning bidder by offering a purchase price of 37.5% of the aggregate cost value of assets whereas Hilco Wholesale Solutions, LLC and Gordon Brothers Commercial & Industrial, LLC, the competing bidders, have been selected as back-up bidders. Under the terms of the back-up bidder agreement, Hilco Wholesale Solutions, LLC and Gordon Brothers Commercial & Industrial, LLC have agreed to purchase the assets in the event the purchaser fails to consummate the transaction. Joseph Malfitano of Malfitano Partners represented the buyer as legal advisor and Robert Klyman and Jennifer Bellah Maguire of Gibson, Dunn & Crutcher LLP represented the debtor as legal advisors.

Motion for Asset Sale Approved for Sports Authority Holdings, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of TSA Stores, Inc. on August 1, 2016. The debtor has been authorized to sell its certain assets to SA Flint LLC for a purchase price of $1.38 million pursuant to an asset purchase agreement dated July 28, 2016. Under the terms of the agreement, the buyer shall make a deposit of $0.14 million. The debtor’s assets include property commonly known as Store #597, 4095 Miller Road, City of Flint, County of Genesee, State of Michigan. Upon the entry of this sale order, Leasehold TSA 1 LLC, the stalking horse bidder, shall be afforded a termination fee of $0.03 million. Joel Sher of Shapiro Sher represented the purchaser as legal advisor and Robert A. Klyman of Gibson, Dunn & Crutcher LLP acted as legal advisor.

Motion for Asset Sale Approved for Sports Authority Holdings, Inc.

The US Bankruptcy Court approved the sale of all acquired assets of Sports Authority Holdings, Inc. on July 15, 2016, 2016. The Court has authorized the debtor to sell acquired assets to Class Action Capital Recovery Fund I, LP for a purchase price of $3.3 million as per purchase agreement. Class Action Capital Recovery Fund I, LP has made the highest bid at auction and was the successful bidder.

Similar Private Companies By Industry

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10 West Motorsports, Inc. United States
100MAC, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 17, 2016
Mega Sports Co.,Ltd.
Merger/Acquisition
July 1, 2016
The Sports Authority Inc., Two leases in East Palo Alto, California and San Francisco
Merger/Acquisition
July 1, 2016
The Sports Authority Inc., Two store leases in Irvine, California
 

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