Academy Sports + Outdoors is up for sale, according to a report in The Financial Times. Mergermarket.com, a news service covering the M&A market and owned by The Financial Times, first reported the news.


Mergermarket.com said a source familiar with the company and two industry bankers claiming knowledge of the situation indicated the retailer was on the selling block. Goldman Sachs has been hired to handle the sale, said one of the industry bankers.
The banker also said Academy Sports generates about $100 million in EBITDA and is looking to sell for a price tag of 10 times that amount.


Academy Sports, which has 125 stores, could not be reached for comment at press time.