Dick's Sporting sells Affinity Sports, Blue Sombrero to Stack Sports
Stack Sports announced the acquisition of Affinity Sports and Blue Sombrero from Dick's Sporting Goods. In connection with the transaction, the companies have entered into a long-term strategic partnership for retail promotion, live event scoring and team management technologies. Combining Stack Sports with Affinity Sports and Blue Sombrero under one organization strengthens Stack Sports' position in the sports software industry. Genstar Capital, Stack's majority shareholder, supported this transaction with a new investment to fuel the growth and innovation of the combined businesses. The acquisition will also allow Stack Sports to focus on technology solutions for youth sports leagues and their affiliates, while Dick's Sporting Goods can focus its efforts on continuing to serve youth athletes with equipment and apparel. As part of the transaction, Dicks Sporting Goods and Stack Sports have also entered into a strategic partnership agreement. Dick's Sporting Goods is now the official sporting goods retail partner of Stack Sports and Stack Sports is now the official club and league technology partner of Dicks Sporting Goods. The two organizations will also collaborate on mobile team management and live scorekeeping via the Dick's Team Manager and GameChanger technologies.