Big 5 Sporting Goods Corporation announced on June 30, 2025, that it has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group. This all-cash transaction is valued at approximately $112.7 million in enterprise value, which includes the assumption of approximately $71.4 million in credit line borrowings as of June 29, 2025.
Under the terms of the agreement, Big 5 stockholders are set to receive $1.45 per share in cash. This acquisition price represents a premium of approximately 36% to the company’s 60-day volume-weighted average price prior to the transaction's announcement. The Board of Directors of Big 5 unanimously approved the transaction, believing it creates immediate and certain stockholder value.
The merger is subject to customary closing conditions, including the approval of Big 5’s stockholders, and is expected to close in the second half of 2025. Upon completion of the transaction, Big 5’s common stock will no longer be listed on the Nasdaq Stock Exchange, and the company will transition to a private entity. The acquiring partnership aims to combine Capitol Hill Group’s financial resources with Worldwide Golf’s specialty retail expertise to support Big 5’s future growth.
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