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JackRabbit acquires Rhythm Running


Going back to the acquisition market, JackRabbit announced the company has acquired Nashville-based Rhythm Running. In addition, the company is opening new stores

“We are excited to have the opportunity to acquire Rhythm Running and enter the vibrant Nashville market. We could not be happier to have them join our JackRabbit team”, said Bill Kirkendall, CEO of JackRabbit, adding: “We are also excited to expand our footprint in Texas with our new store opening in Houston and our entry into the State of Florida. Our multi-channel platform is having a positive impact on all parts of our business. We are committed to the continued growth of the JackRabbit store base and digital platform with the full support of our employees, management team and shareholders at CriticalPoint Capital.”

In March 2017, JackRabbit was sold by The Finish Line to CriticalPoint Capital, a private investment firm based in Manhattan Beach, CA. A year later, in May, JackRabbit acquired Clever Training, a multisport e-commerce retailer. Based in Seminole, FL, and founded in 2002, Clever Training has expanded from servicing triathletes to offering products for fitness enthusiasts across multiple sports and activities. Back in October 2017, JackRabbit also acquired Rogue Running, which has one store in Austin. A remodel of its Boulder Running Company location was completed earlier this year.

JackRabbit is currently operating 62 stores in 18 states along with its e-commerce platform jackrabbit.com.


 
 
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