Big 5 Sporting Goods acquired for $112.7 million, becoming private.

From Yahoo Finance: 2025-06-30 13:25:00

Big 5 Sporting Goods Corp. is being acquired by Worldwide Gold and Capital Hill Group for $112.7 million in an all-cash transaction. Shareholders will receive $1.45 per share, representing a 36% premium. The deal is expected to close in the second half of 2025, making Big 5 a private firm.

Capital Hill is a private investment firm based in Bethesda, MD., while Worldwide Golf is a nationwide retailer of golf equipment. The partnership aims to provide financial resources and retail expertise to grow Big 5’s presence in the sporting goods category. Big 5 operates 414 full-line stores with a variety of athletic products.

In April, Big 5 reported a net loss of $17.3 million and a decline in net sales to $175.6 million. The retailer faced financial struggles, with same-store sales down 7.8% for the quarter. The transaction with Worldwide Gold and Capital Hill is seen as a way to create immediate value for stockholders.

The deal with Big 5 is part of a trend in mergers and acquisitions in the retail sector. Nordstrom and Skechers have also been taken private in multi-billion dollar transactions. Dick’s Sporting Goods is set to acquire Foot Locker for $2.4 billion, while Caleres is purchasing Stuart Weitzman for $105 million.

Read more: Big 5 Sporting Goods Goes Private in $112.7 Million Deal