May 26, 2017 10:32 PM ET

Specialty Retail

Company Overview of Backwoods Retail, Inc.

Company Overview

Backwoods Retail, Inc. owns and operates a chain of outdoor gear and apparel stores. It provides men’s apparel and accessories, women’s apparel and accessories, kid’s apparel and accessories, men's footwear, women's footwear, kid’s footwear, travel products, camp and hike products, climbing products, and fly fishing products; and trekking, trail running, kayaking, paddling, adventure trips, and yoga products. The company also rents products; and sells products online. Backwoods Retail, Inc. was formerly known as Backwoods, Inc. The company was founded in 1973 and is based in Austin, Texas with store locations in Bee Cave and Fort Worth, Texas; Norman, Oklahoma City, and Tulsa, Oklahoma; Wich...

412 Congress Avenue

Suite 200

Austin, TX 78701

United States

Founded in 1973

Phone:

512-370-3600

Fax:

512-370-3636

Key Executives for Backwoods Retail, Inc.

Chief Executive Officer and President
Vice President of Finance & Accounting
Vice President of Store Operations
Compensation as of Fiscal Year 2016.

Backwoods Retail, Inc. Key Developments

Final Order for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court gave a final order for the sale of substantially all the assets of Jo-Jo Holdings, Inc. on February 28, 2017. As per the order, debtor has been authorized to sell substantially all the assets of debtor to Backwoods 2.0, LLC as the winning bidder with the highest purchase price of $0.82 million at auction. The buyer and debtor executed an agreement on February 28, 2017. The stalking horse bidder will be entitled to receive the bid protection of $0.03 million and initial deposit 10% i.e. $0.06 million.

Motion for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court approved the sale of certain assets of Jo-Jo Holdings, Inc. on February 10, 2017. As per the order, debtor has been authorized to sell Boulder Colorado assets to Neptune Outdoors, LLC. The buyer will pay the consideration in cash. The sale proceeds will be used to pay GemCap Lending I, LLC.

Motion for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court gave an interim order for the sale of substantially all the assets of Jo-Jo Holdings, Inc. on February 10, 2017. As per the order, debtor has been authorized to sell substantially all the assets of debtor to SMAO, LLC for $0.64 million. Buyer will be entitled to the bid protection of $0.03 million, in the event of better offer. The asset purchase agreement with SMAO, LLC shall be entered by February 17, 2017. SMAO shall deposit $0.06 million upon the execution of the agreement. Any competing bid must be paid in cash only, in the minimum amount of $0.67 million, with 10% cash deposit and should be submitted by February 23, 2017, to be identify as qualified bid. Auction will be held on February 27, 2017. At the auction bids shall be made in the minimum increment of $0.01 million. Final hearing on the sale shall be made on February 28, 2017.

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Recent Private Companies Transactions

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Target
Merger/Acquisition
January 9, 2017
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