europa sports products bankruptcies

After most of his team left for Apex, Ethan Wheeler began riding his bike every day to his school, Summit High, to practice. The laptop was sent to a data forensics examiner in Portland. /T 287240 /Filter /FlateDecode Get the full list, To view Europa Sports Productss complete investments history, request access, Morningstar Institutional Equity Research, Chief Financial Officer & Chief Administrative Officer. 2023. Your Company Listed, Submit Theres one common theme in all of these cases, he said. 0000004743 00000 n WebOn May 20, 2021, AFI and its affiliates acquired certain of the operating assets, including the brand names and website, of Europa Sports Products, LLC (Products). /Fields [ ] Our people and our culture make Deloitte a place where leaders thrive. This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. Menu options for Europa Sports Products Inc. Energy Drink Maker Says Monster Launched Smear Campaign, Co. The club is an affiliate under the Portland Timbers Major League Soccer team and the Portland Thorns National Womens Soccer League team. The transaction closed on Feb. 17, 2016. Visit Business Insider Premium for more stories about the changing face of fitness. I lost most of my friends I had been playing with since kindergarten. WebEuropa Sports Products, Inc. Overview. I took a free trial but didn't get a verification email. Additionally, He wasnt going to stop leading the basketball team he loved. It tore the community apart, he said. The culprit, they determined, was Bilanski and another former Timbers employee. This is a profile preview from the PitchBook Platform. We had those kind of increases and moneymaking abilities to draw her as a new hire. Shore said he was not familiar with Bilanskis more recent employment contracts with the Timbers. The material on this site may 1 Europa Sports Products reviews in Pompano Beach. 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. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. 24 Hour Fitness filed for Chapter 11 bankruptcy in June, announcing at the time that it would permanently shutter 130 of its gym locations in the US. This warehouse has a very good, positive flow to it. Bankruptcy: Bed Bath & Beyond expects to close all stores by The s--- that I can see on the google admin is crazy. With the successful national rollout of vaccinations and a renewed focus on nutrition and personal health, we believe ESP is positioned to perform at an exceedingly high level., Robbie Duncan said, It is great to work with the AFI team, especially given their track record in partnering with brands to significantly increase distribution and value over several of their prior investments. His eighth-grade son chose to remain with the Timbers. The [youth sports] organizations financial maturity is not relative to the dollars flowing through them. Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc WebBusiness Profile Europa Sports Products Vitamins and Supplements Contact Information 11401 Granite St STE H Charlotte, NC 28273-6401 Visit Website (800) 447-4795 Europa Sports Partners /O 74 Calendar, Author Lone Star operates six distribution centers located nationwide and is a portfolio company of Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm. In Nebraska, the founder of the popular Omaha Sports Academy was accused of taking more than $400,000 last year and was sentenced to probation after pleading no contest to the charges this past summer. To explore Europa Sports Productss full profile, request access. Jeff Compton Work Experience and Education . A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. Carrozza has tracked and examined hundreds of cases of youth sports embezzlement totaling millions of dollars stolen in the United States and abroad in recent years. You have to know whats happening with clients, competitors, practice areas, and industries. After 13 years coaching in the New Jersey youth club scene, he grew wary there because much of the industry in that state is moving to a for-profit model. Morris, Mich.; and a soccer and lacrosse club Hanover, Pa. 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. Scott's Motorsport Service & Repair You have to know whats happening with clients, competitors, practice areas, and industries. The ongoing case reveals the complexities of running a youth sports organization: Leaders engaged in bickering, name-calling and political maneuvering, all the while leaving kids in the crossfire or, in some cases, altogether forgotten. According to court records, neither Bilanski nor Davin obtained approval from the Timbers board to keep those funds and they attempted to conceal the transactions by allegedly representing their work running the Timbers-owned summer camps as a profit-sharing agreement that would pay Bilanski and Davin a kickback of 85 percent of the camp revenue. 2015-2015. About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. Some businesses are choosing to work with financial professionals, such as asset-based lenders, to improve their liquidity position for the short and long term. NEW YORK, July 15, 2020 / PRNewswire / -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC. This will be a huge advantage for our customers and the many markets that are looking to optimize their inventory by bridging science and nutrition," said Eric Hillman, Co-founder and Co-CEO of Europa Sports. For more information, visit www.investmentbanking.deloitte.com. Already a subscriber? In late August, days after Bilanski had been fired, the administrator allegedly realized that the Timbers Google Drive was recording a log of all activity. Europa Sports Products Inc. : Articles :: Law360 The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% compared with the previous quarter) and reached the highest levels since the start of the data collection in 2015. They just left.. /PageMode /UseNone Attorneys for the Timbers claim in filings that the clubs administrator even worked as a double agent to maintain access to the clubs computer systems and help the group delete, share and edit documents in an effort to form a new club. We greatly appreciated the expertise and agility of the CIT Northbridge team in arranging this financing to meet our business objectives.Europa Sports Products is unmatched as a distributor of nutritional and sports supplements and a wide range of other products to outlets across the U.S. and abroad, said Neal Legan, who leads CIT Northbridge. The number of bankruptcy declarations increased during all four quarters of 2022. For more information, visit www.investmentbanking.deloitte.com. In Wisconsin, a former treasurer was charged with embezzling more than $84,000 from a basketball club over a seven-year span, allegedly spending more than $73,000 on retail items, meals at restaurants, airline tickets and mobile phone bills. Europa Sports Products From pre-workout to recovery, the science of sports nutrition has changed the game for athletes, trainers, and coaches. Map, Get 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. The Hanover Soccer Club stayed afloat but was set back years in its plans to develop a capital project for new fields. WebProducts; Lexis Law360 In-Depth; Law360 Updates; Law360 Podcasts; Rankings; Regional Powerhouses; Law360's MVPs; Glass Ceiling Report; Law360 400; Diversity For more information, visit www.europasports.com. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. Theres got to be some corrective damage done for someone doing that stuff, especially because its kids.. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. He eventually raced to his black pickup and headed to watch his son play for Summit, one of the local high schools where Timbers and Apex club players have come together to play for the fall. 72 0 obj %PDF-1.5 CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million /Root 72 0 R "We are pleased to work with the company to arrange this asset-based financing that meets their needs and supports their business strategy. BEND, Ore. Tara Bilanski was already a household name in the Pacific Northwest soccer scene when she was named executive director of the Bend FC Timbers in 2016. Selling Adulterated Weight Loss Supplements, Buyers Say, Nutrex, Supplement Co. Strike Deal In False Ad Suit. The transaction closed on Feb. 17, 2016. Vitamins, Supplements & Health Stores Retail . 0000004175 00000 n endobj 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. On a gloomy afternoon last November, nearly three months after she had been fired by the Timbers, Bilanski met with a paralegal from the law firm suing her in a Starbucks parking lot off Highway 97 in Bend. For more information, visit www.lonestardistribution.com. Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process, said Jeff Compton, co-CEO of the newly combined company. >> 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. stream 0000009152 00000 n Customize this page. << When typing in this field, a list of search results will appear and be automatically updated as you type. For more information visit www.europasports.com. YogaWorks. 0000005971 00000 n /AcroForm << Its a function of the growth of the industry, Carrozza said.