europa sports products bankruptcies

CHARLOTTE, N.C., Oct. 12, 2017 /PRNewswire/ --Widely recognized as two of the world's leading organizations dedicated to science-based sports nutrition and distribution of top health and sports supplements, Europa Sports Products and the International Society of Sports Nutrition (ISSN) announced today the next step in their collaboration, making Europa Sports a professional member of the ISSN. 0000004009 00000 n Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, International Society of Sports Nutrition. For more information, visit www.lonestardistribution.com. "Europa is pleased to partner with the ISSN as a professional level member. In Michigan, an employee of a Flint-area wrestling club set the organization back after being accused of stealing more than $20,000. /DA (/Helv 0 Tf 0 g ) Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private training and camps, but checks and balances on the flow of that money are often absent. Lone Star is a national specialty distributor of sports nutrition and fitness products. Co-Founder. The new membership with ISSN will generate multiple benefits for Europa's growing roster of mass market retailers, gyms, box owners, health food stores, and specialty supplement stores. Dude, she texted to Bilanski, according to court records. A handful of coaches and roughly 120 players from the Timbers left last year to join Bilanskis new organization, Apex Futbol Club, cleaving the towns soccer community in half. But I also will not give them full admin access for a long long time.. Kylie Jenner raises concerns about her family's "beauty standards" in a new episode of 'The Kardashians'. Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process," said Jeff Compton, co-CEO of the newly combined company. There were hard lessons learned in Hanover, Pa., when a former treasurer stole nearly $630,000 from Hanover Soccer Club and the South Western Youth Lacrosse organization over a six-year period. 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. 0000004743 00000 n The work is typical warehouse work, order pulling, packing etc. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. As courts sort the truth, the ongoing case serves as a high-profile example of what many youth sports organizations must contend with. Gold's Gym filed for Chapter 11 bankruptcy protection in May, shortly after the company announced it would shutter 30 locations that had been temporarily closed early on in the pandemic. Bilanski and several former Timbers staff members are also accused in a lawsuit of stealing the clubs trade secrets on their way out the door, according to court documents, altering records and transferring confidential personal information of thousands of players, including contact information, addresses and, in some cases, Social Security numbers while forming their own rival club in town. By clicking Sign up, you agree to receive marketing emails from Insider stream 2023 PitchBook. The 25-year-old make-up mogul - who owns her own The NBA's Phoenix Suns and WNBA's Phoenix Mercury announced a new television and streaming rights deal for their basketball games on Friday, over the Already a subscriber? 0000008195 00000 n Web72355 EUROPA SPORTS PRODUCTS, LLC, 11401 H GRANITE STREET, ATLANTA, GA, 30384-7440US Mail (1st Class) FISHMAN JACKSON RONQUILLO PLLC, MARK H. There was a significant void in the nutritional sports sector as a result of the financial impact of the pandemic. AFI Partners, LLC (AFI), a New York based private equity firm, is pleased to announce the formation of a new company, Europa Sports Partners, LLC (ESP). Its draining the club, said Andy Fecteau, a Bend physical therapist whose three children competed for the Timbers and whose family used to be close with Bilanski. 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. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. 1 Europa Sports Products reviews in Pompano Beach. Password (at least 8 characters required). PLEASE NOTE: A verification email will be sent to your address before you can access your trial. /O 74 This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. The tension is constantly coming up in conversation, but the Wheeler family has focused on Ethans future. About Lone Star Distribution After most of his team left for Apex, Ethan Wheeler began riding his bike every day to his school, Summit High, to practice. The transaction closed on Feb. 17, 2016. Youth sports in recent years have exploded into a $19 billion enterprise, by some accounts, but their ecosystem is built on a shaky foundation of nonprofit clubs, many run by volunteers. When typing in this field, a list of search results will appear and be automatically updated as you type. The laptop was sent to a data forensics examiner in Portland. You have to know whats happening with clients, competitors, practice areas, and industries. With 10 massive distribution centers and offices strategically located nationwide, Europa's expedited delivery process allows customers to keep "Just in Time" inventory. Additionally, After 13 years coaching in the New Jersey youth club scene, he grew wary there because much of the industry in that state is moving to a for-profit model. Europa Sports Partners corporate office is located in 11401 Granite St, Charlotte, North Carolina, 28273, United States and has 297 employees. If [the Bend Timbers board doesnt] give up we will start a new club, take a crap ton of kids and bankrupt them, the former Timbers treasurer wrote in a text that was included in court filings. It tore the community apart, he said. About Europa Sports Products, Inc. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, 25 YEARS IN BUSINESS (704) 405-2022 Visit Website Map & Directions 11401 Granite St Ste HCharlotte, NC 28273 Write a Review Is this your business? His diligence has paid off this fall: He made Summits varsity team as a sophomore. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. 0000093001 00000 n 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. "If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," 24 Hour Fitness CEO Tony Ueber said in a statement. Town Sports International the parent company of New York Sports Clubs and Boston Sports Clubs, among a number of other fitness chains filed for Chapter 11 bankruptcy on September 14, citing pandemic-related difficulties. not be reproduced, distributed, transmitted, cached or otherwise used without written Already a subscriber? For more information, visit www.lonestardistribution.com. With a mutual focus on the advancement of science and research, the membership will further fuel Europa's ability to deliver evidence-based sports nutrition supplements across its nationwide distribution network. 2015-2015. It's Monday through Friday, 11am to finish for the majority of shifts. 0000006373 00000 n The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. I think the [board] has done a great job of shielding the people who are trying to rebuild. F--- these guys, he wrote in a text message cited in court records. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. Liverpool will take the chance to qualify for the Europa League as they look to squeeze everything out of a disappointing season, manager Juergen Klopp said ahead About Europa Sports Products Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks and accessories to mass market retailers, gyms, health food stores and specialty supplement retailers. The fracture can especially be felt during the public-school season in the fall, when players from both clubs are forced to compete side by side and parents must sit next to one another in the stands. For more information, visit www.investmentbanking.deloitte.com. I think its really shattered a lot of longtime parental relationships. Theres one common theme in all of these cases, he said. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. At subsequent practices, Wheeler could hear his teammates whisper that he didnt deserve to be on the team because his mother was on the board, he said in an interview. >> Password (at least 8 characters required). For more information, visit www.sheridancp.com. << Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. For more information, visit www.sheridancp.com. 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. The material on this site may Map, Get Significant legal events involving law firms, companies, industries, and government agencies. /DR << He wasnt going to stop leading the basketball team he loved. 0000001719 00000 n CHARLOTTE, N.C., March 4, 2016 /PRNewswire/ --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. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. << Her credentials energized one of the states largest clubs, and over the next five years, she received several pay raises that eventually bumped her salary up to $119,000 per year nearly $30,000 more than she made as a head coach at the University of Oregon. All rights reserved. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. Customize this page. WebGet David Hayes's email address (d*****@europasports.com) and phone number (704957.) at RocketReach. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. AFI PARTNERS FORMS EUROPA SPORTS PARTNERS, AFI PARTNERS COMPLETES ACQUISITION OF GARSITE AND PROGRESS TANK, A TOOLBOX THAT'S WORKING TO GROW AMERICAN JOBS. 0000001472 00000 n 72 0 obj About Sheridan Capital Partners About the ISSN Since 2003, the International Society of Sports Nutrition is recognized as the only not-for-profit academic-based society dedicated to sports nutrition and growing the science of applied nutrition. Bilanski and Davin declined to comment for this story through their attorneys. We had those kind of increases and moneymaking abilities to draw her as a new hire. Shore said he was not familiar with Bilanskis more recent employment contracts with the Timbers. Bilanski has not denied taking the money but says it was part of a profit-sharing agreement with the club. Managing Director | Deloitte Corporate Finance LLC, Financial Sponsors and Strategic Growth Services, Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). Attorneys for the Timbers claim in filings that the clubs administrator even worked as a double agent to maintain access to the clubs computer systems and help the group delete, share and edit documents in an effort to form a new club. Claim Industry. Copyright 2012-2023 Bend is not the only community to wrestle with accusations of embezzlement within its youth sports ranks in recent years. KeyBanc Capital Markets, City National Bank Arrange $225MM Energy Transition Debt Facility with Scale Microgrids, New York Community Bancorp Acquires $38B of Assets of Signature Bridge Bank from FDIC, Jefferies Arranges $130MM Term Loan for Danimer Scientific, CIFC Adds Kunz as Managing Director in Investor Solutions Group, Ares Commercial Finance Provides $31.2MM Credit Facility to Leading Manufacturer, Distributor of Home and Garden Equipment, Ares Management Closes $2.1B in Direct Lending Commitments in Q1, $23.5B in Last 12 Months, Oaktree Provides $250MM Term Loan Facility to Seres Therapeutics, Flux Power Renews $14MM Credit Facility with First Citizens Bank, 76% of Small Businesses Feel Well-Equipped to Survive a Recession, BofA Survey, Ocean Bank Provides $10MM Factoring Facility to Leading Specialty Repair Company, eCapital Healthcare Division Delivers Funding to Nine Healthcare Providers in Q1, First Citizens Bank Provides $16MM in Financing to FitLife Brands, Flatbay Funds $2.5MM Owner-Occupied CRE Bridge Loan for Serial Entrepreneur, Portage Point Bolsters Middle Market Investment Banking Practice with Addition of Waldman, Citizens Business Conditions Index Bounces Back in Q1, U.S. Census Bureau U.S. Department of Commerce, Full Report on Manufacturers' Shipments, Inventories and Orders - March 2022, What Asset-Based Lending Can Learn from AI in the Grocery Sector, Gibraltar Equipment Finance Built on a Solid Foundation and Ready to Roll, In Todays World, Many Companies are Taking a Hard Look at Their Liquidity, Events Theres often no governance of youth sports organizations not from parents, sponsors or local governments and most embezzlement cases involve treasurers or volunteer board members who have been trusted with an organizations funds, with little to no checks and balances on how budgets are operated. 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. Both clubs are trying to move forward, but feelings are still raw. Certain services may not be available to attest clients under the rules and regulations of public accounting. Most kids were forced to have to choose, which is kind of sad. Europa Sports Partners LLC. /T 287240 Some families have kids playing for both clubs, including Gassner, who let his daughter, a senior in high school, make her own decision to leave for Apex last year. But its also a function of volunteer-based organizations and a combination of the general lack of oversight and governance that these organizations are subject to.. 0000004175 00000 n WebEuropa Sports Products Overview Work Here? x. Significant legal events involving law firms, companies, industries, and government agencies. Europa Sports has played an instrumental role in this revolution since 1990, educating the sports community and distributing evidence-based nutrition that can enable athletes to train harder and recover faster. In the legal profession, information is the key to success. After first announcing plans to close all of its New York City studios in April, WebEuropa Sports Products is located in North Carolina . 0000002931 00000 n 0000009459 00000 n Win whats next. 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). That is what the lawyers are paid to figure out, said Michael Gassner, a Bend resident who has one child playing for the Timbers and another for Apex. The culprit, they determined, was Bilanski and another former Timbers employee. About Europa Sports Products, Inc. Sometimes Wheeler will see his old friends at school and wont know what to say. xref endobj Effort there is terrible and it is like pulling teeth to get promoted when it is earned. A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease. The [youth sports] organizations financial maturity is not relative to the dollars flowing through them. /AcroForm << Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc 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. Please see our Privacy Policy. 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. I am so angry I want to stick it to these f---ers. OSullivans attorney did not respond to a request for comment. For more information, visit www.europasports.com. The rift in Bends soccer scene was just beginning. Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. 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). Bilanski and several former employees downloaded over 7,000 documents and edited, shared or deleted hundreds of documents from the Timbers Google Workspace IT systems in the 11 days after Bilanski was fired, according to the lawsuit; when the administrator told Davin she was removing certain files, Davin allegedly responded: Delete f---ing away.. This warehouse has a very good, positive flow to it. BEND, Ore. Tara Bilanski was already a household name in the Pacific Northwest soccer scene when she was named executive director of the Bend FC Timbers in 2016. No eye contact at games. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. For more information, visit www.europasports.com. Board Memberships & Affiliations. 0000002026 00000 n WebIn the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30. In Bend, an idyllic former mill town nestled in the shadow of the Cascade Mountain range and known as a playground for outdoor enthusiasts, the soccer club has traditionally been a pillar of the community, a rallying point for neighbors who sip coffee together on the sidelines and organize carpools to after-school practices. If she did indeed pocket the money God, thats so wrong on so many levels. The company said in a statement that it aims to use financial restructuring to "properly respond to the COVID-19 pandemic, with the long-term goal to emerge as a thriving powerhouse in the fitness industry.". PLEASE NOTE: A verification email will be sent to your address before you can access your trial. >> /N 9 On a gloomy afternoon last November, nearly three months after she had been fired by the Timbers, Bilanski met with a paralegal from the law firm suing her in a Starbucks parking lot off Highway 97 in Bend. CHARLOTTE, N.C., Mar. /PDFDocEncoding 69 0 R ESP will serve as a key conduit for our brand partners who are challenged to adequately reach the 15,000 customer doors that we will service in support of their end consumers. Adversary case 20-09059 12 Related [+] 14 : Complaint by The Finley Group, Inc. against Europa Sports Products LLC Fee Amount The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry including fitness and sporting goods. For more information, visit www.investmentbanking.deloitte.com. Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. The s--- that I can see on the google admin is crazy. The scandal has rocked Bends tightknit soccer community and has expanded beyond the accusation of embezzlement. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC, http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Deloitte's Women @ Work report reveals signs of progress, but much work remains to improve women's experiences in the workplace, Deloitte Named a Leader in Worldwide Hybrid IT Consulting and Integration Services by the IDC MarketScape. Youre viewing 3 of 9 executive team members. "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.". 0000005855 00000 n Additionally, AFI has invested significant capital to build ESPs inventory as part of this transaction, and CIT Northbridge Credit has provided a new working capital facility to support ESP. /E 105059 Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc There were all kinds of mudslinging that tore people apart.. WebContact Us Regarding Your Company Profile All Companies Named EUROPA SPORTS PARTNERS, LLC Search All California Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. In the legal profession, information is the key to success. I think people have stood by her and feel very strongly in support of her, said Paige Hunt, a Bend resident whose son, Jake, left the Timbers to play for Apex last year. Morris, Mich.; and a soccer and lacrosse club Hanover, Pa. I took a free trial but didn't get a verification email. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. "The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. 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. It should have never been a choice.. When typing in this field, a list of search results will appear and be automatically updated as you type. /Encoding << They just left.. Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. In Nebraska, the founder of the popular Omaha Sports Academy was accused of taking more than $400,000 last year and was sentenced to probation after pleading no contest to the charges this past summer. 0000004943 00000 n But there are still plenty of reminders of the split.

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