Vestis Retail Group, which is owned by Philadelphia-owned private equity firm Versa Capital Management, has bought Sport Chalet, a small sporting goods chain with stores in California, Utah, Nevada, and Arizona.
With its acquisition of Sport Chalet, Vestis Retail Group, which also owns Bob’s Stores and Eastern Mountain Sports, becomes one of the nation’s largest sporting goods retailers.
Sport Chalet first opened in 1959 in Southern California as a tennis-in-the-summer, ski-gear-in-the-winter shop and is now a classic fixture in the states where its stores operate.
Both the recession and the increased competition in sporting goods have been a challenge for Sport Chalet. Vestis Retail Group says it will retain the retailer’s iconic storefronts with their familiar red sun logo, but will combine sales lines and e-commerce with its other sporting goods business.