Iowa-based Hopkins Sporting Goods has acquired a minority stake in Suplay Products, Inc. dba Wrestler's World. Terms were not disclosed.
Suplay is a leading supplier of a full range of equipment, apparel, and
accessories required by amateur wrestlers across the U.S. and around the
world. Suplay primarily targets the parents of elementary and high
school age youths competing on school-sponsored wrestling teams and
independent clubs, along with coaches and team officials, league
organizers, and other distributors.
Hopkins is a locally-owned business based in Des Moines, Iowa. With deep
roots in the local community, Hopkins has been a leading provider of
sports equipment and uniforms throughout the region and state since
1892. Hopkins carries high quality equipment for major sports including
baseball, softball, basketball, boxing, football, running, soccer and
volleyball.
The transaction was arranged by Houlihan Smith & Company, and led by led by Houlihan Managing Director Reginald McGaugh.
“We recently hired Houlihan Smith & Company to represent our interests and I have been impressed with the high-level of professional service, specifically that of Mr. McGaugh who was very instrumental in structuring the deal,” said Gary Frey, majority shareholder and CEO of Suplay. “He was able to articulate our needs and manage the expectations of all parties.”
“We look forward to our continued involvement with Suplay and Hopkins Sporting Goods as we further explore opportunities in the market,” said McGaugh.
