United Sporting Companies announces its intent to acquire, through its wholly-owned subsidiary Ellett Brothers, LLC, certain assets of AcuSport Corporation as the stalking horse bidder in a bankruptcy case filed by AcuSport.

USC intends to acquire and operate AcuSport’s distribution center and related systems in Bellefontaine, Ohio and will assume the leases for the satellite distribution center in Salt Lake City, Utah and its Waite Park, Minnesota sales office. USC expects to offer employment to a significant number of AcuSport employees at the time of closing. USC has also offered to buy any remaining inventory from AcuSport’s creditors.

As this is an asset purchase, USC will not assume any of the existing debts to creditors or vendors. Those debts remain with AcuSport and will be dealt with via the bankruptcy case.

“United Sporting Companies is pleased to be acquiring the state of the art distribution capabilities of AcuSport and to provide employment to a significant number of its employees. We believe this purchase will allow us to combine the best of AcuSport and United Sporting Companies to create the industry’s leading shooting sports distribution company,” said Brad Johnson, CEO of United Sporting Companies.

With the acquisition of the Ohio distribution center, USC will look to consolidate some of its distribution assets with the former AcuSport facility. Specifically, USC’s Simmons distribution facility in Spring Hill, Kansas will be transitioned into the existing USC network by the end of July 2018.

The asset acquisition is expected to close by July 6, 2018. 

CONTACT

Brad Johnson, Chairman and CEO United Sporting Companies Chapin, SC For additional inquiries, please contact: news@unitedsportingco.com 1-800-845-3711