Big 5 Sporting Goods Corporation (BGFV) entered a merger agreement on June 30, 2025, to be taken private by a partnership of Worldwide Golf and Capitol Hill Group in a deal valued at $112.7 million.
Under the terms of the agreement, Big 5 stockholders will receive $1.45 per share in cash, representing a premium of 21.85% from the stock’s last close.
Big 5 Sporting Goods is a sporting goods retailer headquartered in El Segundo, California, offering athletic footwear, apparel, and outdoor gear through over 400 stores and an e-commerce platform across the western United States.
Worldwide Golf is a leading golf retailer and e‑commerce company in the U.S. and Canada, operating nearly 100 stores across 25 U.S. states and multiple regional brands, such as Roger Dunn, Edwin Watts, Golfers’ Warehouse, alongside a robust online retail ecosystem including worldwidegolfshops.com, globalgolf.com, and getclubs.com.
Capitol Hill Group is a Bethesda-based private equity and venture capital firm, founded in 1992, that invests in sectors including real estate, retail, e-commerce, apparel, logistics, healthcare, biotech, and asset management.
The deal is expected to close in the second half of 2025.
Moelis & Co. served as financial advisor and Latham & Watkins as legal counsel to Big 5 Sporting Goods. Legal counsel to Worldwide Golf and Capitol Hill Group was provided by Skadden, Arps, Slate, Meagher & Flom, Holland & Knight, and Sklar Kirsh.
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Editor’s Note: Baranjot Kaur contributed to this article