europa sports products bankruptcies

Gold's Gym filed for Chapter 11 bankruptcy protection in May, shortly after the company announced it would shutter 30 locations that had been temporarily closed early on in the pandemic. 0000007643 00000 n He wanted to prove that he wasnt making a mistake by staying with the Timbers. This is a profile preview from the PitchBook Platform. Europa is setting the industry standard in quality, product assortment, customer service and satisfaction. I think the [board] has done a great job of shielding the people who are trying to rebuild. /PDFDocEncoding 69 0 R AFI Partners, LLC (AFI), a New York based private equity firm, is pleased to announce the formation of a new company, Europa Sports Partners, LLC (ESP). "We are pleased to work with the company to arrange this asset-based financing that meets their needs and supports their business strategy. /Length 212 Workload is absolutely not compensated for and management plays a huge role in that. 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DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% compared with the previous quarter) and reached the highest levels since the start of the data collection in 2015. The Bend FC Timbers have counted more than 2,000 youth players among their ranks, many who pay as much as $1,600 in annual dues. 0000009459 00000 n But I also will not give them full admin access for a long long time.. If [the Bend Timbers board doesnt] give up we will start a new club, take a crap ton of kids and bankrupt them, the former Timbers treasurer wrote in a text that was included in court filings. All rights reserved. In Nebraska, the founder of the popular Omaha Sports Academy was accused of taking more than $400,000 last year and was sentenced to probation after pleading no contest to the charges this past summer. /Type /Catalog Click here to login, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). 0000004572 00000 n Board Memberships & Affiliations. 0000003460 00000 n Bilanski and several former Timbers staff members are also accused in a lawsuit of stealing the clubs trade secrets on their way out the door, according to court documents, altering records and transferring confidential personal information of thousands of players, including contact information, addresses and, in some cases, Social Security numbers while forming their own rival club in town. 0000008493 00000 n A surveillance camera set up in front of the familys house captured someone driving by and yelling, F--- you!, Its affected us, Ethan said. Bilanski and the other defendants in the case have sought a stay in the civil case. Serving Asset-Based Lending Decision Makers. /AcroForm << Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC, http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Deloitte's Women @ Work report reveals signs of progress, but much work remains to improve women's experiences in the workplace, Deloitte Named a Leader in Worldwide Hybrid IT Consulting and Integration Services by the IDC MarketScape. Like several other fitness companies, Cyc Fitness took a hit from closing its studios to prevent the spread of the coronavirus. AFI PARTNERS COMPLETES ACQUISITION OF WATERLOO INDUSTRIES, INC. ALVOGEN PARTNERS WITH ROBERT WESSMAN TO BUILD A LEADING INTERNATIONAL GENERICS COMPANY, NORWICH PHARMACEUTICALS PURCHASED BY AFI PARTNERS, 158 Mercer Street; 2nd Floor; NY, NY 10012, contactny@afipartners.com | 212-938-0016. WebProducts; Lexis Law360 In-Depth; Law360 Updates; Law360 Podcasts; Rankings; Regional Powerhouses; Law360's MVPs; Glass Ceiling Report; Law360 400; Diversity Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience," said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC. We are all screwed as there is evidence of any file deletion or transfer. For more information, visit www.europasports.com. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. >> Morris, Mich.; and a soccer and lacrosse club Hanover, Pa. He had never heard of Bend before applying for the job, which drew more than 200 applicants after Bilanski was fired. 71 0 obj trailer Theres one common theme in all of these cases, he said. Theres often no governance of youth sports organizations not from parents, sponsors or local governments and most embezzlement cases involve treasurers or volunteer board members who have been trusted with an organizations funds, with little to no checks and balances on how budgets are operated. Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands. The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry including fitness and sporting goods. Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc The nonprofit organization reported more than $1.1 million in revenue in 2019 alone, according to the most recent tax records available. About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. 0000004743 00000 n Customize this page. Get an inside look at the rich diversity of background, education and experiences of our people. /Prev 287229 0000009152 00000 n Our entire organization has rallied around ramping up procurement and operations to fulfill the pent-up demand we have across all of our distribution channels. >> About Lone Star Distribution 71 36 I thought, its probably easier to go in somewhere thats been struggling or has gone through a period of turmoil and fix it than to go to a well-oiled machine, he said. 24 Hour Fitness filed for Chapter 11 bankruptcy in June, announcing at the time that it would permanently shutter 130 of its gym locations in the US. /PageMode /UseNone In Wisconsin, a former treasurer was charged with embezzling more than $84,000 from a basketball club over a seven-year span, allegedly spending more than $73,000 on retail items, meals at restaurants, airline tickets and mobile phone bills. WebEuropa Sports Products Overview Work Here? CHARLOTTE, N.C., Oct. 12, 2017 /PRNewswire/ --Widely recognized as two of the world's leading organizations dedicated to science-based sports nutrition and distribution of top health and sports supplements, Europa Sports Products and the International Society of Sports Nutrition (ISSN) announced today the next step in their collaboration, making Europa Sports a professional member of the ISSN. 0000001719 00000 n Lone Star is a national specialty distributor of sports nutrition and fitness products. Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process, said Jeff Compton, co-CEO of the newly combined company. For more information, visit www.investmentbanking.deloitte.com. /S 180 Even before the allegations of embezzlement came to light, the lawsuit contends, Bilanski and a group of Timbers employees and team managers embarked on a campaign to undermine the organization, which was born out of tension with the board and its president, Hart. About Deloitte Corporate Finance LLC 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. /Font << In addition to delivering leading-edge nutrition management to its' customers, Europa's Professional Level ISSN membership will lead to more informed teams and therefore customers in all segments and levels. So, yes, it was in her contract, Shore said. At subsequent practices, Wheeler could hear his teammates whisper that he didnt deserve to be on the team because his mother was on the board, he said in an interview. See Terms of Use for more information. The new membership with ISSN will generate multiple benefits for Europa's growing roster of mass market retailers, gyms, box owners, health food stores, and specialty supplement stores. This warehouse has a very good, positive flow to it. Copyright 2012-2023 0000007039 00000 n << 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. His diligence has paid off this fall: He made Summits varsity team as a sophomore. 0000005971 00000 n AFI PARTNERS FORMS EUROPA SPORTS PARTNERS, AFI PARTNERS COMPLETES ACQUISITION OF GARSITE AND PROGRESS TANK, A TOOLBOX THAT'S WORKING TO GROW AMERICAN JOBS. About Sheridan Capital Partners Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. from 8 AM - 9 PM ET. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. /Size 107 I lost most of my friends I had been playing with since kindergarten. There were all kinds of mudslinging that tore people apart.. /Length 0 0000008819 00000 n I get so annoyed by that and just leave, he said. Bilanski and several former employees downloaded over 7,000 documents and edited, shared or deleted hundreds of documents from the Timbers Google Workspace IT systems in the 11 days after Bilanski was fired, according to the lawsuit; when the administrator told Davin she was removing certain files, Davin allegedly responded: Delete f---ing away.. /Helv 68 0 R Delaware-based Cyc Holdings, the owner of the indoor cycling chain Cyc Fitness, filed for Chapter 11 bankruptcy protection on October 14. Bilanski had coached the University of Oregons womens program for eight years, leaving as the schools all-time winningest coach. /H [ 1719 306 ] %%EOF WebScott has over 40 years experience repairing and servicing Honda products, ATVs, Motorcycles. 2023 PitchBook. The transaction closed on Feb. 17, 2016. For more information, visit www.lonestardistribution.com. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Bilanski has not denied taking the money but says it was part of a profit-sharing agreement with the club. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. Town Sports International the parent company of New York Sports Clubs and Boston Sports Clubs, among a number of other fitness chains filed for Chapter 11 bankruptcy on September 14, citing pandemic-related difficulties. It should be about the community, right?. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 About Deloitte Corporate Finance LLC Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. xref Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private consent from ABL Advisor, Incorporated. In Virginia, an Ashburn woman pleaded guilty in January to stealing an unspecified amount of money from McLean Youth Football the organization dissolved at the time of the scheme in 2016 using funds for meals at restaurants, visits to a spa and pet care. Distributor of nutritional and sports supplements, sports drinks and accessories intended for mass market retailers, gyms, box owners, health food stores and specialty supplement retailers. In the past few months alone, reports of alleged financial misconduct and convictions of embezzlement have been reported across the country, underscoring a long-standing issue within the industry. 73 0 obj This will be a huge advantage for our customers and the many markets that are looking to optimize their inventory by bridging science and nutrition," said Eric Hillman, Co-founder and Co-CEO of Europa Sports. Deloitte Please see our Privacy Policy. WebEuropa Sports Products, Inc. distributes health and sports supplements. Price also has been forced to navigate the drama of the lawsuits; while the board has filled him in on the proceedings, he rarely brings the case up. Web72355 EUROPA SPORTS PRODUCTS, LLC, 11401 H GRANITE STREET, ATLANTA, GA, 30384-7440US Mail (1st Class) FISHMAN JACKSON RONQUILLO PLLC, MARK H. "The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. x. Please see our Privacy Policy. A free inside look at company reviews and salaries posted anonymously by employees. NEW YORK, July 15, 2020 / PRNewswire / -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC. About Europa Sports Products, Inc.Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. For more information, visit www.investmentbanking.deloitte.com. By clicking Sign up, you agree to receive marketing emails from Insider In the legal profession, information is the key to success. Managing Director | Deloitte Corporate Finance LLC, Financial Sponsors and Strategic Growth Services, Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC.Europa Sports Products is an industry-leading distributor of nutritional and sports supplements, sports drinks and accessories to mass market retailers, gyms, health food stores, specialty supplement retailers, sporting goods stores and many other outlets. For more information, visit www.sheridancp.com. Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc But by the summer of 2021, Bilanski had fallen out of favor with the clubs board of directors and many of its parents, and after stakeholders conducted a survey and determined she had not been performing her job duties satisfactorily, she was fired that August. Use tab to navigate through the menu items. Europa services mass market retailers, gyms, health food stores, and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. The ISSN conferences, tutorials, lectures and courses have been recognized by the American Dietetic Association, National Strength and Conditioning Association, American College of Sports Medicine, American Council on Exercise, American Physical Therapy Association, National Association of Athletic Trainers and other organizations as well. WebContact Us Regarding Your Company Profile All Companies Named EUROPA SPORTS PARTNERS, LLC Search All California Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. Cision Distribution 888-776-0942 0000003247 00000 n But its also a function of volunteer-based organizations and a combination of the general lack of oversight and governance that these organizations are subject to.. Europa services mass market retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. Password (at least 8 characters required). Significant legal events involving law firms, companies, industries, and government agencies. When typing in this field, a list of search results will appear and be automatically updated as you type. Contact Who is Europa Sports Partners Headquarters 11401 Granite St, Charlotte, North Carolina, 28273, United States Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. The transaction closed on Feb. 17, 2016. Members of these organizations earn continuing education credits by attending ISSN Conferences and Symposia. WebEuropa Sports Products is located in North Carolina . Certain services may not be available to attest clients under the rules and regulations of public accounting. This partnership also offers increased exposure to scientific studies, and stronger networking opportunities with industry leaders. Lone Star operates six distribution centers located nationwide and is a portfolio company of Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm. His eighth-grade son chose to remain with the Timbers. Europa services mass market retailers, gyms, health food stores, and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. Her credentials energized one of the states largest clubs, and over the next five years, she received several pay raises that eventually bumped her salary up to $119,000 per year nearly $30,000 more than she made as a head coach at the University of Oregon. Directory, Extended Site About Europa Sports Products Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks and accessories to mass market retailers, gyms, health food stores and specialty supplement retailers. 0000020518 00000 n That is what the lawyers are paid to figure out, said Michael Gassner, a Bend resident who has one child playing for the Timbers and another for Apex. USA Rugby. Get 5 free searches. Company News. Was Bend Timbers, before the split, run as a business with integrity or not? 0000000012 00000 n The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say, https://www.gettyimages.com/detail/news-photo/james-valenti-miss-new-jersey-teen-usa-2014-valentina-news-photo/478920859?adppopup=true, close all of its New York City studios in April, Eugene Gologursky/Getty Images for Flywheel, John Nacion/SOPA Images/LightRocket via Getty Images. I think people have stood by her and feel very strongly in support of her, said Paige Hunt, a Bend resident whose son, Jake, left the Timbers to play for Apex last year. No eye contact at games. Given the mandated closure of gyms and fitness centers across the nation during the peak of the pandemic and several key customer bankruptcies, Products exhausted all of its cash and other sources of liquidity. But there are still plenty of reminders of the split. For more information, visit www.sheridancp.com. Please visit europasports.com for additional detail. But theres that divide.. From pre-workout to recovery, the science of sports nutrition has changed the game for athletes, trainers, and coaches. In the legal profession, information is the key to success. Menu options for Europa Sports Products Inc. Energy Drink Maker Says Monster Launched Smear Campaign, Co. Antonio, AFI Managing Partner, said, We are extremely excited about our new platform investment. Dude, she texted to Bilanski, according to court records. "Europa is pleased to partner with the ISSN as a professional level member. 0000001472 00000 n Carrozza has tracked and examined hundreds of cases of youth sports embezzlement totaling millions of dollars stolen in the United States and abroad in recent years. I took a free trial but didn't get a verification email. They just left.. Europa will look to the ISSN for the latest scientific research in the category to insure that its customers get the very best products. With the successful national rollout of vaccinations and a renewed focus on nutrition and personal health, we believe ESP is positioned to perform at an exceedingly high level., Robbie Duncan said, It is great to work with the AFI team, especially given their track record in partnering with brands to significantly increase distribution and value over several of their prior investments. According to court records, neither Bilanski nor Davin obtained approval from the Timbers board to keep those funds and they attempted to conceal the transactions by allegedly representing their work running the Timbers-owned summer camps as a profit-sharing agreement that would pay Bilanski and Davin a kickback of 85 percent of the camp revenue. In late August, days after Bilanski had been fired, the administrator allegedly realized that the Timbers Google Drive was recording a log of all activity. Access your favorite topics in a personalized feed while you're on the go. Deloitte Corporate Finance LLC Advises Europa Sports Products, Inc., in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners 25 YEARS IN BUSINESS (704) 405-2022 Visit Website Map & Directions 11401 Granite St Ste HCharlotte, NC 28273 Write a Review Is this your business? The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. startxref Vitamins, Supplements & Health Stores Retail . His transaction experience includes sell-side, b More. Equipment Finance Advisor, Inc. All rights reserved. endobj She handed over her Timbers-issued laptop. Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. To explore Europa Sports Productss full profile, request access. Is youth sports next? "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. He wasnt going to stop leading the basketball team he loved. "If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," 24 Hour Fitness CEO Tony Ueber said in a statement. /Root 72 0 R Europa Sports has played an instrumental role in this revolution since 1990, educating the sports community and distributing evidence-based nutrition that can enable athletes to train harder and recover faster. About Europa Sports Products, Inc. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, Europa Sports Products, Inc. filed as a Foreign For-Profit Corporation in the State of Texas on Thursday, June 13, 2002 and is approximately twenty-one years old, according to public records filed with Texas Secretary of State.A corporate filing is called a foreign filing when an existing corporate entity files Ethan said he is having the most fun playing soccer since joining the club six years ago. <724C1165F2B95DA6A70360D6FF741E39> ] Flywheel Sports filed for Chapter 7 bankruptcy on September 15 in an announcement that called for the permanent closure of all 42 of its spin studios around the country. Already a subscriber? I took a free trial but didn't get a verification email. He was 34 when he was diagnosed with ALS. This information is available in the PitchBook Platform. There is plenty of work to do off it. Discover more about Europa Sports Partners. The scandal has rocked Bends tightknit soccer community and has expanded beyond the accusation of embezzlement. The s--- that I can see on the google admin is crazy. Public Relations Click here to login, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). The laptop was sent to a data forensics examiner in Portland. Certain services may not be available to attest clients under the rules and regulations of public accounting. The work is typical warehouse work, order pulling, packing etc. >> As the industry continues to grow, many clubs find themselves vulnerable, and embezzlement scandals have fractured organizations and communities across the country a youth basketball club in Omaha; a wrestling club in Mt. WebEuropa Sports Products, Inc. filed as a Foreign For-Profit Corporation in the State of Texas on Thursday, June 13, 2002 and is approximately twenty-one years old, according to not be reproduced, distributed, transmitted, cached or otherwise used without written Brands listed failed to recover from temporary government-mandated closures to gyms and indoor fitness facilities earlier this year.
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