NY, February 1, 2021 / PRNewswire / – DTLR Villa LLC (“DTLR” or the “Firm”), a portfolio firm of BRS & Co. (“BRS”), introduced in the present day that it has entered into an settlement to be acquired by JD Sports activities Style Plc (” JD “), a worldwide retailer of sports activities, style and out of doors manufacturers. After the acquisition, DTLR will proceed to be led by co-CEOs, Glenn gaynor and Scott collins.
DTLR is a life-style retailer providing a one-stop store for street-inspired footwear, attire and equipment to a younger, trend-setting multicultural viewers. The Firm’s mission is to serve its native and neighborhood prospects with ardour, superior product choice, and neighborhood service. BRS initially acquired the Downtown Locker Room (which later modified its model to DTLR) with 43 shops situated within the Mid-Atlantic area and thru the opening of latest shops and a merger with Sneaker Villa in 2017, DTLR Villa has change into a retailer. US life-style style chief At present, the Firm operates 247 shops in 19 states, primarily within the North, South and East of the US.
Glenn gaynor, DTLR Co-CEO, stated: “With the help of BRS, DTLR has been capable of convey the corporate’s ardour for expression, style, leisure, and neighborhood empowerment to a broader buyer base. We stay up for partnering with JD administration to serve a wider viewers and this subsequent section within the Firm’s progress. “
Scott collins, DTLR co-CEO, added: “We stay up for persevering with to increase the DTLR neighborhood with JD administration.
Bruce bruckmann, BRS Managing Director, stated: “Glenn and Scott have led the Firm by means of transformative progress and weathered difficult working situations with nice success. It has been a privilege and a pleasure to work with and have the DTLR administration staff. we want continued success. “
“Glenn and Scott have performed a fantastic job in making DTLR a number one life-style retailer in the USA. We want all of them the most effective as they embark on this new stage within the Firm’s progress,” he stated. Rashad Rahman, Managing Director of BRS.
The completion of the acquisition is topic to customary closing situations, together with the expiration or termination of the relevant ready interval beneath the HSR Act.
The Firm’s monetary advisor was Baird and the authorized advisor was Dechert LLP.
About BRS & Co.
BRS is a New York-based non-public fairness funding agency with mixed invested capital of $ 1.2 billion, targeted on investing in decrease center market client items and companies companies. Since 1996, BRS has bought greater than 50 portfolio corporations for an combination consideration of greater than $ 6.9 billion. Moreover, BRS portfolio corporations have accomplished greater than 40 complementary acquisitions. For extra data, go to www.brs.com.
SOURCE BRS & Co.