Lids Team Sports

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Lids Team Sports - overview

Established

2009

Location

Indianapolis, IN, US

Primary Industry

Consumer Products

About

Lids Team Sports is a US-based provider of comprehensive team sports apparel and equipment, specializing in custom screen printing and embroidery for schools and sports organizations. Founded in 2009 in Indianapolis, US, Lids Team Sports operates as a full-service provider for team sports, offering various sports apparel and equipment. The company was acquired by Varsity Brands, Inc. in January 2016 from Lids Sports Group, a division of Genesco Inc.


Lids Team Sports operates as a comprehensive provider of team sports apparel and equipment, specializing in custom screen printing and embroidery. The company’s main product offerings include a broad range of team uniforms, such as jerseys, warm-ups, fleeces, polo shirts, jackets, t-shirts, shorts, and shoes, designed to meet the needs of schools, sports teams, and organizations. In addition to apparel, Lids Team Sports supplies a complete line of sporting goods and equipment, catering to various sports. This diverse catalog is supported by services such as team fundraising initiatives, which assist organizations in generating financial support for their activities.


Lids Team Sports primarily serves clients across the United States, focusing on the education sector and local sports leagues, thereby enhancing team identity and unity through customized solutions. Lids Team Sports generates revenue through a transactional model that encompasses direct sales to consumers and partnerships with schools and sports organizations. The company facilitates transactions primarily through custom orders, allowing clients to utilize unique codes for product selections that cater to their specific team needs. This structure enables personalized service, where schools or organizations can order team uniforms and related accessories in bulk, benefiting from pricing structures that are typically tiered based on order volume.


Key offerings in this model may include exclusive lines of apparel and sporting equipment that align with popular brands, enhancing the appeal of the merchandise. The revenue streams are supported by consistent engagement with customers who seek tailored products, making Lids Team Sports a pivotal player in the team sports market. Following its acquisition in January 2016, Lids Team Sports aims to leverage its resources for expansion into new markets. The company plans to introduce new product designs and enhance its online ordering system to attract a broader range of customers by 2025.


Recent funding will be utilized to support these initiatives, ensuring the company remains competitive in the evolving sports apparel market.


Current Investors

Varsity Brands, Inc.

Primary Industry

Consumer Products

Sub Industries

Commercial Printing, Recreational Hobbies & Sporting Goods, Schools

Website

www.lidsteamsports.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Lids Team Sports - 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)
Add-onCompletedLids Team Sports-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.