Back to News
Private Equity

Roark Capital Backs U.S. Sports Camps

Published: September 8th, 2020
The PE firm made an undisclosed investment in the licensed operator or Nike Sports camps and other sports-intensive summer programs.

Roark Capital Group on Aug. 31, said it invested an undisclosed sum in US Sports Camps Inc., the licensed operator of Nike Sports Camps and other sports-intensive summer programs.

US Sports Camps founder Charlie Hoeveler passed the CEO baton to his son, Justin Hoeveler, as part of the deal. Justin Hoeveler has been with the company for nine years, most recently as executive vice president, growth and development.

The San Rafael, Calif.-based company, founded in 1975, provides summer camp to more than 100,000 young people aged six to 18 in 48 states.

US Sports Camps plans to work with Roark Capital “to leverage their experience growing multi-location, consumer businesses,” Justin Hoeveler said.

Editor’s note: The original version of this article, including advisers and other details, was published earlier on The Deal’s premium subscription website. For access, log in to or use the form below to request a free trial.


This Content is Only for The Deal Subscribers

The Deal provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them.

If you’re already a subscriber, log in to view this article here.

More From Private Equity

Mergers & Acquisitions

Drinks With The Deal: Debevoise's Paul Bird

By David Marcus
Published: November 19th, 2020
Debevoise's Paul Bird discusses his work for Clayton, Dubilier & Rice and Aveva's purchase of OSIsoft on the latest episode of the Drinks With The Deal podcast.

Behind the Buyouts: Checkpoint's Weber Talks Fintech, M&A

By Steve Gelsi
Published: November 18th, 2020
Billy Weber, a former banker and current CEO of fintech company Checkpoint Capital, provides perspective on monetary policy, the community banking space and increased transparency in the bond market looking ahead to 2021 in the latest episode of the Behind the Buyouts.

Behind the Buyouts: Kline Hill's Karkar Sees Growth in Secondaries

By Steve Gelsi
Published: October 29th, 2020
The secondary PE market will break out of its Covid lull this year, Karkar says during the latest episode of Behind the Buyouts, while offering encouraging career advice to women considering a career in the field.