Academy Sports Sale

Buyout firm Kohlberg Kravis Roberts is announcing it will purchase a majority stake in Katy-based sporting goods retailer Academy Sports and Outdoors. Andrew Schneider has more.

Under the terms of the deal with KKR, Academy Sports’ president Rodney Faldyn will take over the job of CEO from David Gochman, grandson of the company founder.

Faldyn, who will also continue as president, says the ownership change will speed up the retailer’s continued growth and give it greater flexibility to achieve strategic goals.

The Gochman family will keep a minority stake in Academy Sports. The company moved its headquarters to Houston in 1978 after forty years in San Antonio. It now operates over 130 locations across the southeastern U.S.

Andrew Schneider. KUHF News.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...