Implus announced the acquisition of substantially all of the assets of Pro Performance Sports LLC d/b/a SKLZ, a leading provider of multisport athletic performance and skill development training products. SKLZ will propel Implus into the sporting goods category and further expands the company’s fitness division.
In conjunction with the transaction, Implus will be adding a new satellite office in Carlsbad, CA, to support growth into the new category of business.
“The addition of SKLZ to the Implus portfolio adds a top-level product offering and opens up new channels as we develop our position in the sporting goods accessories market,” said Seth Richards, CEO of Implus. “We are excited for the potential growth opportunities in providing their innovative training solutions to our retail partners.”
“We’re very proud of the quality and authenticity of the brand and products our team has created over the past few years,” said Tim Wiseman, CEO of SKLZ. “We think Implus is the perfect partner to build on that base and take this brand to the next level.”
SKLZ will operate as a division of Implus, which is majority owned by Berkshire Partners, a Boston-based investment firm.
SKLZ represents the eighth acquisition for Implus since Berkshire’s investment in the company in April 2015.
Headquartered in Durham, NC, Implus is an innovative provider of athletic, fitness and outdoor accessory products ranging from foot care and seasonal accessories to fitness and recovery solutions. Implus’ family of brands includes Sof Sole, Balega, Yaktrax, apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Penguin, Perfect Fitness, ICETrekkers, FitDeck, DryGuy, TriggerPoint, Harbinger, FuelBelt, Spenco, STABIL and now SKLZ.
Photo courtesy SKLZ
