europa sports products bankruptcies europa sports products bankruptcies
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member ofFINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. When it comes to This has put me back in an environment where I can really affect what is going on out there on the green., Legal and regulated in some states and banned in others, youth MMA is growing in popularity. << /Font << Our people and our culture make Deloitte a place where leaders thrive. Bilanski and Davin declined to comment for this story through their attorneys. Equipment Finance Advisor, Inc. All rights reserved. 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. Ethan said he is having the most fun playing soccer since joining the club six years ago. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. Sometimes Wheeler will see his old friends at school and wont know what to say. Bed Bath and Beyond has one Central Oregon location, inside the Cascade Village Deloitte Corporate Finance LLC Advises Europa Sports Products, Inc., in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. E.J. 72 0 obj According to the Timbers board of directors, the laptop contained evidence of financial impropriety; Bilanski had allegedly directed several unauthorized payments totaling $80,684 to herself over a six-year period and, in turn, had paid a portion of the funds to another former Timbers employee, Jen Davin. << They operate as big businesses but have sloppy accounting and murky financial oversight. /H [ 1719 306 ] He wanted to prove that he wasnt making a mistake by staying with the Timbers. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Workload is absolutely not compensated for and management plays a huge role in that. It should have never been a choice.. This information is available in the PitchBook Platform. 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. Certain services may not be available to attest clients under the rules and regulations of public accounting. Everyone is shocked when it happens because they trust who is handling the money.. By last fall, as Bilanski and the group of Timbers staffers and coaches were hit with the lawsuit, they peeled off to start Apex, drawing support from dozens of parents who believed they had been wronged by the Timbers board. "The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. Dang. >> WebEuropa Sports Products is located in North Carolina . The Hanover Soccer Club stayed afloat but was set back years in its plans to develop a capital project for new fields. As part of the bankruptcy proceedings, the company said permanent closures are slated to affect only company-owned locations which comprise 10% of Gold Gym's 700 locations around the world and will not impact its franchises. Theres one common theme in all of these cases, he said. /AcroForm << 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. I took a free trial but didn't get a verification email. endobj >> 0000004743 00000 n WebEuropa Sports Products, Inc. distributes health and sports supplements. 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. WebIn the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30. Ryan Shore, the board president who hired Bilanski as the Timbers technical director in 2013, said in an interview that the club had outsourced companies to run camps for years. 4, 2016 Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Europa Sports Products, Inc. (Europa), a Charlotte-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution (Lone Star), a portfolio company of Sheridan Capital Partners. 0000005855 00000 n 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. /ZaDb 70 0 R WebThey need to let go of the ones who take advantage and go through the motions or they will be bankrupt very soon. 2023. All rights reserved. But I also will not give them full admin access for a long long time.. In June, while still employed by the Timbers, one of the clubs coaches, John OSullivan, allegedly began circulating a detailed plan to form a rival club. /T 287240 She handed over her Timbers-issued laptop. It is classified as operating in the I hear from parents, you know, severed relationships of a decade or more. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. You have to know whats happening with clients, competitors, practice areas, and industries. 0000003853 00000 n consent from ABL Advisor, Incorporated. 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. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. 0000007892 00000 n Lorin leads DCF's Consumer Business Group. Bilanski had coached the University of Oregons womens program for eight years, leaving as the schools all-time winningest coach. 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). Get the full list, To view Europa Sports Productss complete investments history, request access, Morningstar Institutional Equity Research, Chief Financial Officer & Chief Administrative Officer. This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). Password (at least 8 characters required). Effort there is terrible and it is like pulling teeth to get promoted when it is earned. WebProducts; Lexis Law360 In-Depth; Law360 Updates; Law360 Podcasts; Rankings; Regional Powerhouses; Law360's MVPs; Glass Ceiling Report; Law360 400; Diversity For more information, visit www.lonestardistribution.com. << "With that said, we intend to use the process to strengthen the future of 24 Hour Fitness for our team and club members, as well as our stakeholders.". You have to know whats happening with clients, competitors, practice areas, and industries. 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. 0000009459 00000 n It tore the community apart, he said. Claim your Free Employer Profile Website: www.europasports.com Headquarters: Charlotte, NC Size: 201 to 500 Employees Founded: 1990 Type: Company - Private Industry: Wholesale Revenue: $100 to $500 million (USD) Competitors: Unknown /Type /XRef 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. Certain services may not be available to attest clients under the rules and regulations of public accounting. Very little interaction. Bilanski has not denied taking the money but says it was part of a profit-sharing agreement with the club. For more information, visit www.investmentbanking.deloitte.com. On May 20, 2021, AFI and its affiliates acquired certain of the operating assets, including the brand names and website, of Europa Sports Products, LLC (Products). We are all screwed as there is evidence of any file deletion or transfer. A surveillance camera set up in front of the familys house captured someone driving by and yelling, F--- you!, Its affected us, Ethan said. Bilanskis initial contract which ran for one year included profits for running camps for the Timbers, said Shore, who left the board before Bilanski was promoted to executive director. 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. 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. By clicking Sign up, you agree to receive marketing emails from Insider "I'm pleased and honored to have Europa Sports and CEO Eric Hillman as part of the ISSN community. 73 0 obj There was a significant void in the nutritional sports sector as a result of the financial impact of the pandemic. Investment banking or other services that would require registration as a broker-dealer with the SEC and membership in FINRA would be provided exclusively by DCF. /DA (/Helv 0 Tf 0 g ) 2015-2015. /Filter /FlateDecode Certain services may not be available to attest clients under the rules and regulations of public accounting. In Michigan, an employee of a Flint-area wrestling club set the organization back after being accused of stealing more than $20,000. USA Rugby. Youre viewing 3 of 9 executive team members. His home has also been targeted because his mother is the former board president, according to court records. It should be about the community, right?. This partnership also offers increased exposure to scientific studies, and stronger networking opportunities with industry leaders. 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). 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.