We try to force the issue and say hello, smile and say thank you for team dinners and such. This is a profile preview from the PitchBook Platform. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. His eighth-grade son chose to remain with the Timbers. They just left.. I think its really shattered a lot of longtime parental relationships. "While we achieved some success, in partnership with our landlords and vendors, it was not enough to avoid a bankruptcy filing amid an extremely challenging environment for retailers," CEO Mitchell Modell said in a statement, according to Bloomberg. not be reproduced, distributed, transmitted, cached or otherwise used without written 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. He had never heard of Bend before applying for the job, which drew more than 200 applicants after Bilanski was fired. About Europa Sports Products, Inc. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, 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. Industry. With 10 massive distribution centers and offices strategically located nationwide, Europa's expedited delivery process allows customers to keep "Just in Time" inventory. The Hanover Soccer Club stayed afloat but was set back years in its plans to develop a capital project for new fields. For more information, visit www.sheridancp.com. 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 /L 288711 The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. I took a free trial but didn't get a verification email. 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. /PDFDocEncoding 69 0 R 0000093001 00000 n 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). When typing in this field, a list of search results will appear and be automatically updated as you type. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. I lost most of my friends I had been playing with since kindergarten. The culprit, they determined, was Bilanski and another former Timbers employee. "I'm pleased and honored to have Europa Sports and CEO Eric Hillman as part of the ISSN community. OSullivan took him and his father off an email list for tournaments, he said, and all but four of his teammates migrated to Apex. 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. As part of the filing, the California-based company will permanently shutter all 55 of its locations nationwide. /O 74 /N 9 %%EOF Please visit europasports.com for additional detail. /Linearized 1 /E 105059 2023 PitchBook. 0000007039 00000 n /Length 212 Certain services may not be available to attest clients under the rules and regulations of public accounting. For more information, visit www.lonestardistribution.com. Web72355 EUROPA SPORTS PRODUCTS, LLC, 11401 H GRANITE STREET, ATLANTA, GA, 30384-7440US Mail (1st Class) FISHMAN JACKSON RONQUILLO PLLC, MARK H. Price also has been forced to navigate the drama of the lawsuits; while the board has filled him in on the proceedings, he rarely brings the case up. Bilanski had coached the University of Oregons womens program for eight years, leaving as the schools all-time winningest coach. 0000000012 00000 n 0000005971 00000 n 71 36 Lone Star is a national specialty distributor of sports nutrition and fitness products. As courts sort the truth, the ongoing case serves as a high-profile example of what many youth sports organizations must contend with. 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. Already a subscriber? Antonio, AFI Managing Partner, said, We are extremely excited about our new platform investment. 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. Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks PLEASE NOTE: A verification email will be sent to your address before you can access your trial. Its just been a lot of conversations, a lot of occupying mental space, just trying to keep everything going, Derrick said. USA Rugby. 0000005855 00000 n 0000009152 00000 n "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.". WebGet David Hayes's email address (d*****@europasports.com) and phone number (704957.) at RocketReach. Password (at least 8 characters required). 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. It is classified as operating in the WebIn the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30. 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. /ZaDb 70 0 R 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. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. 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. Bilanski, 49, still has plenty of community support, and this past summer she filed a defamation suit against the Timbers, seeking $5.1 million from the club and former board president Michelle Hart. In the past few months alone, reports of alleged financial misconduct and convictions of embezzlement have been reported across the country, underscoring a long-standing issue within the industry. When Hart commented on a social media post in 2021, Bilanski texted to Davin that Hart and her son would be black listed, according to the lawsuit. WebEuropa Sports Products, Inc. distributes health and sports supplements. /ID [ <958DB2D77671C4A96F5CA912B922465B> It was kind of sad, Wheeler said. This partnership also offers increased exposure to scientific studies, and stronger networking opportunities with industry leaders. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. In short order, the embezzlement allegations triggered a lawsuit that has divided a once-unified soccer community and launched investigations by the local district attorneys office and the states Justice Department. stream Theres got to be some corrective damage done for someone doing that stuff, especially because its kids.. Kylie Jenner raises concerns about her family's "beauty standards" in a new episode of 'The Kardashians'. Your Company Listed, Submit It's Monday through Friday, 11am to finish for the majority of shifts. xAa,hN!dH"0K)V%( [`X:Q^j7r{8!`JoX2". About Europa Sports Products, Inc. Bilanski and the other defendants in the case have sought a stay in the civil case. Access your favorite topics in a personalized feed while you're on the go. Top editors give you the stories you want delivered right to your inbox each weekday. /Prev 287229 Was Bend Timbers, before the split, run as a business with integrity or not? I took a free trial but didn't get a verification email. x. 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). Europa will look to the ISSN for the latest scientific research in the category to insure that its customers get the very best products. AFI PARTNERS FORMS EUROPA SPORTS PARTNERS, AFI PARTNERS COMPLETES ACQUISITION OF GARSITE AND PROGRESS TANK, A TOOLBOX THAT'S WORKING TO GROW AMERICAN JOBS. 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. When it comes to 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. 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.. 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. The scandal has rocked Bends tightknit soccer community and has expanded beyond the accusation of embezzlement. 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 endobj Copyright 2012-2023 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. He wanted to prove that he wasnt making a mistake by staying with the Timbers. 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. Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). as well as other partner offers and accept our, J. Conrad Williams Jr./Newsday via Getty Images. 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, https://www.gettyimages.com/detail/news-photo/james-valenti-miss-new-jersey-teen-usa-2014-valentina-news-photo/478920859?adppopup=true, close all of its New York City studios in April, Eugene Gologursky/Getty Images for Flywheel, John Nacion/SOPA Images/LightRocket via Getty Images. Additionally, 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. Dang. No eye contact at games. 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. 0000002497 00000 n 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. A free inside look at company reviews and salaries posted anonymously by employees. Significant legal events involving law firms, companies, industries, and government agencies. About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. This will be a huge advantage for our customers and the many markets that are looking to optimize their inventory by bridging science and nutrition," said Eric Hillman, Co-founder and Co-CEO of Europa Sports. 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. 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. Europa Sports Partners LLC. /Pages 66 0 R 0000001719 00000 n 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. 2023. 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. from 8 AM - 9 PM ET. 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. Map, Get 0000002026 00000 n We are all screwed as there is evidence of any file deletion or transfer. /PageMode /UseNone Significant legal events involving law firms, companies, industries, and government agencies. Adversary case 20-09059 12 Related [+] 14 : Complaint by The Finley Group, Inc. against Europa Sports Products LLC Fee Amount 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. trailer 0000002931 00000 n 0000004572 00000 n For more information, visit www.sheridancp.com. 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. WebThey need to let go of the ones who take advantage and go through the motions or they will be bankrupt very soon. The tension is constantly coming up in conversation, but the Wheeler family has focused on Ethans future. However, today, we have launched a new and well-capitalized company directed by an incredibly strong c-level executive team. Vitamins, Supplements & Health Stores Retail . 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. endobj And the kids are caught in the middle of it.. 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. 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. Deloitte Corporate Finance LLC Advises Europa Sports Products, Inc., in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners Very little interaction. Law360 provides the intelligence you need to remain an expert and beat the competition. Please enable JavaScript to view the site. 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 Bilanski and Davin declined to comment for this story through their attorneys. 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 With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. The transaction closed on Feb. 17, 2016. 0000020518 00000 n Its not making sense to us., Massive sports complexes are latest front in war for visitors, dollars. 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). 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. He warned her of the ongoing lawsuits but opted to not interfere with her choice. About Lone Star Distribution 0000004009 00000 n PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. Even before the allegations of embezzlement came to light, the lawsuit contends, Bilanski and a group of Timbers employees and team managers embarked on a campaign to undermine the organization, which was born out of tension with the board and its president, Hart. The work is typical warehouse work, order pulling, packing etc. Directory, Extended Site 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.. Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc Bringing together the industry with science can only result in better products," said Dr. Jose Antonio, CEO and co-founder of the ISSN. >> Contact Who is Europa Sports Partners Headquarters 11401 Granite St, Charlotte, North Carolina, 28273, United States /Outlines 65 0 R Sometimes Wheeler will see his old friends at school and wont know what to say. Europa offers approximately 7,000 products representing 280 of the industry's leading brands. 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. >> In Michigan, an employee of a Flint-area wrestling club set the organization back after being accused of stealing more than $20,000. For more information, visit www.lonestardistribution.com. Cision Distribution 888-776-0942 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 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. Both clubs are trying to move forward, but feelings are still raw. The material on this site may 72 0 obj 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. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. 0000023549 00000 n Our people and our culture make Deloitte a place where leaders thrive. /Fields [ ] When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 0000004251 00000 n 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. Europa is setting the industry standard in quality, product assortment, customer service and satisfaction. 0000008819 00000 n F--- these guys, he wrote in a text message cited in court records. 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. Its a function of the growth of the industry, Carrozza said. Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc Already a subscriber? The [youth sports] organizations financial maturity is not relative to the dollars flowing through them. Everyone is shocked when it happens because they trust who is handling the money.. 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. He wasnt going to stop leading the basketball team he loved. 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. 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). 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. We kept coaching our son the whole time. Equipment Finance Advisor, Inc. All rights reserved. Company News. 0000004175 00000 n The 25-year-old make-up mogul - who owns her own 0 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. 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. His diligence has paid off this fall: He made Summits varsity team as a sophomore. WebOn 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). + 1 212 492 4484, Based in Charlotte, Lorin is a managing director with Deloitte Corporate Finance LLC (DCF). <724C1165F2B95DA6A70360D6FF741E39> ] 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. But I also will not give them full admin access for a long long time.. Theres one common theme in all of these cases, he said. For more information, visit www.investmentbanking.deloitte.com. 0000006272 00000 n I am so angry I want to stick it to these f---ers. OSullivans attorney did not respond to a request for comment. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 WebEuropa Sports Products, Inc. Overview. They operate as big businesses but have sloppy accounting and murky financial oversight. Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. But theres that divide.. The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry including fitness and sporting goods. 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. 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. 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.

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