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Investment firm Kohlberg Kravis Roberts & Co. LP (KKR) has entered into a definitive purchase agreement to acquire Academy Sports + Outdoors. The Gochman family will retain a minority ownership stake in the retailer. Financial terms were not disclosed.
Headquartered in Katy, Texas, Academy Sports + Outdoors is one of the nation's largest sporting goods and outdoor stores offering a broad selection of products, including hunting, fishing and camping equipment along with sports and leisure products, footwear and apparel.
Academy Sports + Outdoors has 131 locations throughout 11 states in the Southeast U.S. with approximately 16,000 associates. The privately held retail chain generated more than $2.7 billion...