Form 10-K Boot Barn Holdings, Inc. For: Mar 28

Go back to Form 10-K Boot Barn Holdings, Inc. For: Mar 28

Boot Barn Holdings (BOOT) to Acquire Sheplers in $147M Cash Deal

June 1, 2015 6:09 AM EDT

Boot Barn Holdings (NYSE: BOOT) has entered into a definitive agreement to acquire Sheplers, Inc. (Sheplers), a 116-year old western lifestyle company with 25 retail locations across the United States and an industry-leading e-commerce business, for a purchase price of $147 million in cash. For the twelve months ended March 28, 2015, Sheplers had net sales of approximately $157 million, which included $66 million of e-commerce sales, and Adjusted EBITDA of $14.9 million (see reconciliation to Adjusted EBITDA).

The Sheplers acquisition represents a significant step forward for Boot Barns omni-channel strategy, growing Boot Barns e-commerce penetration from 4% to 15%, based on the... More