0000008195 00000 n About Sheridan Capital Partners Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. 0000002026 00000 n 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. 0000005315 00000 n As the executive director of the Timbers, she wore many hats she served as a coach, handled financial oversight and directed human resources, helping grow the Timbers into a club that today features two full-time employees, five part-time employees, 20 paid coaches and 10 volunteers on the board of directors. 24 Hour Fitness filed for Chapter 11 bankruptcy in June, announcing at the time that it would permanently shutter 130 of its gym locations in the US. Sponsorship opportunities have already changed college athletics. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. The lawsuit includes texts between Bilanski and Davin that mocked co-workers and also included vitriol for Hart, who served on the volunteer board for three years and whose 15-year-old son, Ethan Wheeler, is a rising star within the Timbers program. This has put me back in an environment where I can really affect what is going on out there on the green., Legal and regulated in some states and banned in others, youth MMA is growing in popularity. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. 0000007643 00000 n For more information, visit www.investmentbanking.deloitte.com. There was a significant void in the nutritional sports sector as a result of the financial impact of the pandemic. F--- these guys, he wrote in a text message cited in court records. He warned her of the ongoing lawsuits but opted to not interfere with her choice. Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc 72 0 obj <724C1165F2B95DA6A70360D6FF741E39> ] Our entire organization has rallied around ramping up procurement and operations to fulfill the pent-up demand we have across all of our distribution channels. 0000008819 00000 n /Linearized 1 0000003460 00000 n << 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. But by the summer of 2021, Bilanski had fallen out of favor with the clubs board of directors and many of its parents, and after stakeholders conducted a survey and determined she had not been performing her job duties satisfactorily, she was fired that August. This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. 0000009152 00000 n Europa Sports Products, Inc. filed as a Foreign For-Profit Corporation in the State of Texas on Thursday, June 13, 2002 and is approximately twenty-one years old, according to public records filed with Texas Secretary of State.A corporate filing is called a foreign filing when an existing corporate entity files Most kids were forced to have to choose, which is kind of sad. >> 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. 0000006272 00000 n Flywheel Sports filed for Chapter 7 bankruptcy on September 15 in an announcement that called for the permanent closure of all 42 of its spin studios around the country. WebEuropa Sports Products Overview Work Here? View Jeff Compton's full profile. Win whats next. 4, 2016 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. Good to know, Bilanski responded. stream While it is impossible to know whether embezzlement is on the rise in youth sports there is no centralized body tracking cases in the industry it has been a pervasive problem for years, said Erik Carrozza, who served for more than a decade as a youth sports treasurer in suburban Philadelphia and started a nonprofit called the Center for Fraud Prevention to help organizations avoid embezzlement. 0000004009 00000 n For more information, visit www.lonestardistribution.com. /Length 0 His eighth-grade son chose to remain with the Timbers. 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. 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. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. E.J. The club is an affiliate under the Portland Timbers Major League Soccer team and the Portland Thorns National Womens Soccer League team. "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.". Both clubs are trying to move forward, but feelings are still raw. These are the seven fitness and sporting goods companies that have filed for bankruptcy so far in 2020. The culprit, they determined, was Bilanski and another former Timbers employee. This is a profile preview from the PitchBook Platform. 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.". Honda Goldwing, Valkyrie , VTX , and Yamaha Star Motorcycles a WebThey need to let go of the ones who take advantage and go through the motions or they will be bankrupt very soon. Law360 provides the intelligence you need to remain an expert and beat the competition. With roughly 30 teams competing for the club, the Bend summer camps became a major draw under Bilanski, who charged around $150 in entry fees for the camps. The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% compared with the previous quarter) and reached the highest levels since the start of the data collection in 2015. 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. Claim your Free Employer Profile Website: www.europasports.com Headquarters: Charlotte, NC Size: 201 to 500 Employees Founded: 1990 Type: Company - Private Industry: Wholesale Revenue: $100 to $500 million (USD) Competitors: Unknown 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. About Europa Sports Products, Inc.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. Ethan said he is having the most fun playing soccer since joining the club six years ago. 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 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). The ISSN is also recognized by many Universities as offering the latest, cutting edge and non-biased information about the scienceand application ofsports nutrition and supplements. Your Company Listed, Submit Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands. Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. His diligence has paid off this fall: He made Summits varsity team as a sophomore. 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. Get an inside look at the rich diversity of background, education and experiences of our people. In a deposition with attorneys for the Timbers, Bilanski invoked her Fifth Amendment right more than 340 times. + 1 212 492 4484, Based in Charlotte, Lorin is a managing director with Deloitte Corporate Finance LLC (DCF). And the kids are caught in the middle of it.. Deloitte startxref WebProducts; Lexis Law360 In-Depth; Law360 Updates; Law360 Podcasts; Rankings; Regional Powerhouses; Law360's MVPs; Glass Ceiling Report; Law360 400; Diversity As part of the filing, the California-based company will permanently shutter all 55 of its locations nationwide. Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). The largest youth soccer club in central Oregon, the Timbers date back several decades as an informal local club and officially became an incorporated organization in 2005. OSullivan took him and his father off an email list for tournaments, he said, and all but four of his teammates migrated to Apex. You have to know whats happening with clients, competitors, practice areas, and industries. Was Bend Timbers, before the split, run as a business with integrity or not? For more information, visit www.sheridancp.com. /Type /XRef 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. In addition to delivering leading-edge nutrition management to its' customers, Europa's Professional Level ISSN membership will lead to more informed teams and therefore customers in all segments and levels. 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. /L 288711 0000006373 00000 n The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. Delaware-based Cyc Holdings, the owner of the indoor cycling chain Cyc Fitness, filed for Chapter 11 bankruptcy protection on October 14. YogaWorks. 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. On a sun-soaked Saturday afternoon in September, hundreds of parents lined the sidelines to watch their kids play at the Timbers turf fields at Pine Nursery Park, a 159-acre complex lush with towering pines, sage and ponds. Everyone is shocked when it happens because they trust who is handling the money.. In Virginia, an Ashburn woman pleaded guilty in January to stealing an unspecified amount of money from McLean Youth Football the organization dissolved at the time of the scheme in 2016 using funds for meals at restaurants, visits to a spa and pet care. All rights reserved. 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). 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. WebEuropa Sports Products Health & Diet Food Products, Health & Diet Food Products-Wholesale & Manufacturers, Vitamins & Food Supplements Be the first to review! 0000005429 00000 n 0000008493 00000 n I think the [board] has done a great job of shielding the people who are trying to rebuild. By clicking Sign up, you agree to receive marketing emails from Insider Please visit europasports.com for additional detail. Effort there is terrible and it is like pulling teeth to get promoted when it is earned. 0000002931 00000 n from 8 AM - 9 PM ET. Selling Adulterated Weight Loss Supplements, Buyers Say, Nutrex, Supplement Co. Strike Deal In False Ad Suit. 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. Equipment Finance Advisor, Inc. All rights reserved. You have to know whats happening with clients, competitors, practice areas, and industries. x. It tore the community apart, he said. WebEuropa Sports Products, Inc. Overview. I get so annoyed by that and just leave, he said. Cision Distribution 888-776-0942 Already a subscriber? Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks Friday, November 13, 2020. WebEuropa Sports Products is located in North Carolina . Carrozza has tracked and examined hundreds of cases of youth sports embezzlement totaling millions of dollars stolen in the United States and abroad in recent years. 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. 0000000012 00000 n 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. 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. But I also will not give them full admin access for a long long time.. Europa Sports Partners LLC. Proceeds from the credit facility will be used for general corporate purposes and business development.With consumers increasingly focused on maintaining and improving their health, we anticipate growing demand for products that support their goals, said Jeff Compton, co-founder and CEO of Europa Sports Products. About Lone Star Distribution Tim Swingler, the former president of the club, said Wells was a trusted volunteer who never brought actual bank statements to board meetings, instead representing the clubs spending through his own accounting. Top editors give you the stories you want delivered right to your inbox each weekday. Read more: The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say. 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. With the successful national rollout of vaccinations and a renewed focus on nutrition and personal health, we believe ESP is positioned to perform at an exceedingly high level., Robbie Duncan said, It is great to work with the AFI team, especially given their track record in partnering with brands to significantly increase distribution and value over several of their prior investments. Given the mandated closure of gyms and fitness centers across the nation during the peak of the pandemic and several key customer bankruptcies, Products exhausted all of its cash and other sources of liquidity. When it comes to europa sports products inc europa sports products europa sports products llc europa europa inc sports products inc Europa Sports Partners Global Presence Search All Employees 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 /Outlines 65 0 R We greatly appreciated the expertise and agility of the CIT Northbridge team in arranging this financing to meet our business objectives.Europa Sports Products is unmatched as a distributor of nutritional and sports supplements and a wide range of other products to outlets across the U.S. and abroad, said Neal Legan, who leads CIT Northbridge. Europa offers approximately 7,000 products representing 280 of the industry's leading brands. >> Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. /Encoding << from 8 AM - 9 PM ET. The Bend FC Timbers have counted more than 2,000 youth players among their ranks, many who pay as much as $1,600 in annual dues. Ryan Shore, the board president who hired Bilanski as the Timbers technical director in 2013, said in an interview that the club had outsourced companies to run camps for years. 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. /O 74 WebFast paced positive culture. It is classified as operating in the After first announcing plans to close all of its New York City studios in April, YogaWorks filed for Chapter 11 bankruptcy protection on October 14. 0000005855 00000 n The treasurer, David W. Wells, pleaded guilty to charges of theft in 2018 and received probation. endobj We are all screwed as there is evidence of any file deletion or transfer. Vitamins, Supplements & Health Stores Retail . Discover more about Europa Sports Partners. CHARLOTTE, N.C., Mar. /Length 212 Claim Significant legal events involving law firms, companies, industries, and government agencies. /ZaDb 70 0 R A former professional player from a working-class neighborhood in South Wales who never had to pay to play sports growing up, Price, 42, is in many ways the ideal replacement for the Timbers during this turbulent time an outsider with no community ties and little taste for politics. 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. Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member ofFINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. If she did indeed pocket the money God, thats so wrong on so many levels. This warehouse has a very good, positive flow to it. Industry. 0000004943 00000 n Europa will look to the ISSN for the latest scientific research in the category to insure that its customers get the very best products. 0000001472 00000 n 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. Certain services may not be available to attest clients under the rules and regulations of public accounting. USA Rugby. 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 Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. not be reproduced, distributed, transmitted, cached or otherwise used without written Get the full list, To view Europa Sports Productss complete investments history, request access, Morningstar Institutional Equity Research, Chief Financial Officer & Chief Administrative Officer. /E 105059 Deloitte Corporate Finance LLC (DCF), a broker-dealer registered with the US Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. We try to force the issue and say hello, smile and say thank you for team dinners and such. Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience," said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC. 0000004251 00000 n /Root 72 0 R We kept coaching our son the whole time. Morris, Mich.; and a soccer and lacrosse club Hanover, Pa. He had never heard of Bend before applying for the job, which drew more than 200 applicants after Bilanski was fired. About Deloitte Corporate Finance LLC Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. Its just been a lot of conversations, a lot of occupying mental space, just trying to keep everything going, Derrick said. 0000003853 00000 n 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. /ABCpdf 6109 Daily and real-time news and case alerts on organizations, industries, and customized search queries. About Sheridan Capital Partners For more information visit www.issn.net. From pre-workout to recovery, the science of sports nutrition has changed the game for athletes, trainers, and coaches. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. AFI PARTNERS COMPLETES ACQUISITION OF WATERLOO INDUSTRIES, INC. ALVOGEN PARTNERS WITH ROBERT WESSMAN TO BUILD A LEADING INTERNATIONAL GENERICS COMPANY, NORWICH PHARMACEUTICALS PURCHASED BY AFI PARTNERS, 158 Mercer Street; 2nd Floor; NY, NY 10012, contactny@afipartners.com | 212-938-0016. Significant legal events involving law firms, companies, industries, and government agencies. According to the Timbers board of directors, the laptop contained evidence of financial impropriety; Bilanski had allegedly directed several unauthorized payments totaling $80,684 to herself over a six-year period and, in turn, had paid a portion of the funds to another former Timbers employee, Jen Davin. >> 0000064770 00000 n Investment banking or other services that would require registration as a broker-dealer with the SEC and membership in FINRA would be provided exclusively by DCF. Bilanski and the other defendants in the case have sought a stay in the civil case. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. WebGet David Hayes's email address (d*****@europasports.com) and phone number (704957.) at RocketReach. See Terms of Use for more information. 1 Europa Sports Products reviews in Pompano Beach. /PDFDocEncoding 69 0 R Directory, Extended Site The ongoing case reveals the complexities of running a youth sports organization: Leaders engaged in bickering, name-calling and political maneuvering, all the while leaving kids in the crossfire or, in some cases, altogether forgotten. Additionally, A free inside look at company reviews and salaries posted anonymously by employees. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private Bilanski had coached the University of Oregons womens program for eight years, leaving as the schools all-time winningest coach. Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc /DA (/Helv 0 Tf 0 g ) Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients.
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