Nogales Investors Fund I, LP recently completed a $4.0 million investment in Chick's Sporting Goods, a large format sporting goods retailer with 11 locations in Southern California. The proceeds from the investment are used to provide capital for the company's continued store expansion. “We are very pleased to partner with Nogales Investors,” said Jim Chick, president of Chick's Sporting Goods. “Their flexibility and structuring creativity resulted in a successful transaction, and we are excited to work with Nogales Investors to continue our company's growth.”

With their investment in G.I. Joe's, the leading sporting goods retailer based in the Pacific Northwest, Nogales Investors intends to promote sharing of best practices and other value creating activities between the two companies. “We look forward to working with Jim Chick and the staff at Chick's to develop merchandise and operational synergies,” said Norm Daniels, CEO/president of G.I. Joe's, “this strategic alliance with Chick's and Nogales Investors will create great opportunities for both our companies.” Luis Nogales, Managing Partner of Nogales Investors, added, “we are excited about the investment and the opportunity to leverage Chick's and G.I. Joe's respective strengths to create value and maximize strategic alternatives.”