Concourse Holdings LLC, which owns RedsGear.com, KnifeHog.com and SoftballFans.com, has completed its acquisition of San Antonio-based sports retailer Team Express Distributing, LLC, the owner of Baseball Express, Softball.com and Football America.
Concourse was the stalking horse bidder in the bankruptcy case of Team Express and the bid won that an auction set for May 4. According to court documents, the stalking horse purchase price was $12 million, including $6 million in cash at closing.
“We are extremely excited to add such a strong brand to our portfolio and look forward to working with the entire team in San Antonio,” said Brian Eick, president of Concourse Holdings. “Team Express’ innovative approach and exceptional customer loyalty are a testament to what the former owners and their team were able to build. With their leadership and the support of our vendor partners, we are confident Team Express can expand its leadership position within the sporting goods industry.”
Concourse Sports, an online retailer for over eight years, currently owns and operates multiple online brands, namely RedsGear.com, KnifeHog.com and SoftballFans.com. Prior to Team Express, Concourse Sports’ most recent acquisition was Softball Fans in November 2014. Softball Fans is located in Kalamazoo, MI and its operations include a 20,000 square foot indoor training facility and a pro shop with much of the gear found on the company’s website.
Team Express was founded in 1990. According to its website, Team Express is “dedicated to providing fanatical customer service and ease of shopping to the baseball and softball players who demand the best performance products at reasonable prices.” The company serves consumers and team athletes through its online store, catalogs and a retail store in San Antonio. Team Express’ brands include Baseball Express, Softball.com and Football America.
