PlayMetrics, a Raleigh, NC-based provider of operations management software for youth sports organizations, and Stack Sports, a Dallas, TX-based provider of software for sports organizations, have merged.
Financial terms were not disclosed.
Michael Doernberg, CEO of PlayMetrics, will lead the combined organization as CEO, and Jeff Young, CEO of Stack Sports, will transition to a strategic role as advisor to the board of directors.
Genstar Capital, a private equity firm, supported the merger and will be the majority owner of the combined company. As part of the transaction, Genstar acquired PlayMetrics from Blue Star Innovation Partners (BSIP), which had been the lead investor since 2023.
PlayMetrics serves over 2,700 youth sports organizations across various sports. Following an expansion beyond its flagship club operating system into governing bodies, leagues and tournaments, including the acquisition of Crossbar in 2023, PlayMetrics has “experienced unprecedented levels of growth and customer retention over the last few years,” reported the company in a media release.
Stack Sports is a global technology provider of SaaS platform offerings for the sports industry.
“Sports organizations are increasingly seeking a single, cohesive platform to manage their daily operations and complex business needs,” said Doernberg. “PlayMetrics has been transformational in delivering a one-stop solution for members, coaches, directors, and administrators. By joining forces with Stack Sports, we further enhance our ability to serve our customers with innovative, reliable, and intuitive software.”
“This merger marks an exciting new chapter for the sports technology industry,” said Young. “We have long admired the PlayMetrics brand, and by combining our strengths, we will accelerate the speed at which new products are released, customer service is delivered and industry relationships are forged.”
“The combination of PlayMetrics and Stack Sports creates one of the largest sports technology platforms delivering comprehensive, market-leading solutions to clubs, leagues, tournaments, state associations, and governing bodies,” said Eli Weiss, managing partner of Genstar. “We are thrilled to support this transformative combination.”
“We are incredibly proud of what the PlayMetrics team has accomplished under Mike’s visionary leadership,” said Dan Wechsler, CEO of BSIP. “Together, we transformed PlayMetrics from a promising software platform into a market leader in sports management technology, delivering significant value for our investors and customers. Mike and his team’s dedication to innovation and customer success were key drivers, and we wish them all the best as they embark on their next chapter.”
Ropes & Gray acted as legal counsel, and Lazard acted as financial advisor to Genstar. Weil, Gotshal & Manges LLP served as legal counsel, and William Blair provided financial advisory services to BSIP.
