JD Sports has bought Go Outdoors for £112.3m.
The deal will see JD Sports buy the 58-store retailer, which caters for the outdoor enthusiast carrying everything from tents to bikes, from YFM Equity Partners and 3i Group.
Based in Sheffield, Go Outdoors was originally established in 1998 by Paul Caplan and John Graham, who will now leave the business, and grew from a single store to become a nationwide retailer mainly situated in out of town retail parks..
Go Outdoors adds to JD Sports Fashion plc stable of outdoor brands such as Blacks, Millets, Ultimate Outdoors and Tiso.
The vast majority of the JD Sports’ existing outdoor stores are situated on the high street and there is minimal crossover with those of Go Outdoors.
Peter Cowgill, JD Sports Fashion plc Executive Chairman, said: “Go Outdoors is a great addition to our existing Outdoor business.
“The minimal overlap in store locations and their out of town, one stop retailer approach complements the work we have done on the high street with Blacks and Millets and further strengthens our offering in the Outdoor sector.
“I am excited by the future prospects this holds for the JD Group.”
