About Lone Star Distribution F--- these guys, he wrote in a text message cited in court records. They operate as big businesses but have sloppy accounting and murky financial oversight. Additionally, AFI has invested significant capital to build ESPs inventory as part of this transaction, and CIT Northbridge Credit has provided a new working capital facility to support ESP. Europa Sports Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience, said Lorin DeMordaunt, managing director and Consumer and Retail Group lead, Deloitte Corporate Finance LLC. For more information, visit www.europasports.com. Managing Director | Deloitte Corporate Finance LLC, Financial Sponsors and Strategic Growth Services, Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). /Length 212 Visit Business Insider Premium for more stories about the changing face of fitness. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. Copyright 2012-2023 Europa Sports has a strong track record of nearly 30 years of experience in the sports nutrition industry and works closely with manufacturers and key brand stakeholders to ensure efficient distribution of the highest quality products. Youth sports in recent years have exploded into a $19 billion enterprise, by some accounts, but their ecosystem is built on a shaky foundation of nonprofit clubs, many run by volunteers. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. There were all kinds of mudslinging that tore people apart.. By last fall, as Bilanski and the group of Timbers staffers and coaches were hit with the lawsuit, they peeled off to start Apex, drawing support from dozens of parents who believed they had been wronged by the Timbers board. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. /Font << I hear from parents, you know, severed relationships of a decade or more. Very little interaction. 0000005429 00000 n Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage.

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