Press Release

November 2018 has been acquired by Fifth Third Securities served as exclusive financial advisor to City Gear, LLC in connection with this transaction. DEAL TEAM MEMBERS Charlie Hurt Managing Director Red Farha Vice President Colin Schulz Associate Mitchell D’Eramo Analyst About City Gear, LLC City Gear, LLC (“City Gear”) is a city specialty retailer of premium athletic footwear, apparel and…

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Hibbett Sports, Inc. (NASDAQ/GS: HIBB), an athletic specialty retailer, today announced that it has signed a definitive agreement to acquire privately held City Gear, a city specialty retailer of premium athletic footwear, apparel and accessories with 135 stores in 15 states. Terms of the transaction include consideration of $88 million in cash to be paid at closing and…

TAVARES, FL – GWS Tool Group, LLC, the parent company to GW Schultz Tool announces its acquisition of Carbide Grinding Company, Inc of Chesterfield, Indiana USA. Carbide Grinding has built its reputation as a manufacturer of precision carbide, PCD and CBN tipped insert tooling servicing the automotive, aerospace, power generation and medical sectors at a high level since 1958. They…