HITS, Inc.

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HITS, Inc. - overview

Established

1982

Location

Saugerties, NY, US

Primary Industry

Travel & Leisure

About

HITS, Inc. specializes in organizing high-quality equestrian events, focusing on hunter/jumper and dressage competitions across premier venues in the United States, catering to a diverse range of equestrians. Founded in 1982 by Fadi Haddad, HITS, Inc. is headquartered in Saugerties, US.


The company has undergone no significant pivots in its business strategy and has successfully completed three deals. CEO Arjun Reddy oversees the operations, supported by team members Julio Cañas and Patrick Boland. HITS Horse Shows specializes in providing high-quality equestrian events focused primarily on hunter/jumper and dressage competitions. The company's core offerings include a series of competitive events held across six premier venues in the United States, catering to a diverse clientele ranging from amateur riders to professional equestrians.


Each venue hosts over 100 weeks of top-level competition, creating opportunities for participants to showcase their skills and gain recognition within the equestrian community. HITS also offers a unique guidebook known as "The Insider," serving as a comprehensive resource for competitors and attendees, enhancing their overall experience. HITS operates in various geographical markets across the United States, ensuring accessibility to a broad audience of equestrians. HITS Horse Shows generates revenue primarily through entry fees for its competitions, vendor partnerships, and sponsorships associated with the events.


Competitors pay fees to enter shows, while sponsors invest in advertising and promotional opportunities during competitions. HITS provides valuable resources through its Horse Show Office Portal, which includes services such as online entries and access to important forms. Pricing for events reflects the prestige and quality of competitions, ensuring value for both competitors and partners. Flagship offerings include the trademarked "Insider" guidebook and an extensive calendar of events that highlight HITS' commitment to excellence in the equestrian sport.


HITS, Inc. is exploring opportunities for future growth through the introduction of new products and expansion into additional geographical markets. Recent funding will support these initiatives, although specific details on upcoming launches or targeted regions have not been disclosed. It is noted that Leonard Green & Partners has exited its stake in HITS, Inc.


with financial terms not disclosed.


Current Investors

Traub Capital Partners

Primary Industry

Travel & Leisure

Sub Industries

Corporate Event Management, Recreational & Entertainment Facilities

Website

www.hitsshows.com

Total Amount Raised

Subscriber access only

HITS, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedHITS, Inc.-
GrowthCompletedHITS, Inc.-
Unspecified ExitCompletedHITS, Inc.-

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HITS, Inc. - employee data

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