Lax World Announces acquisition of Breakaway Sports
Deal will create one of the country’s largest lacrosse retailers
Baltimore, MD and Denver, CO (January 26, 2016) -- Lax World, a specialty lacrosse retailer based in Baltimore, has acquired Denver-based lacrosse specialist, Breakaway Sports. The deal will grow the combined company to 14 locations nationwide, expand its online presence and warehousing, and broaden the reach of its Team Sales division from coast to coast.
Both companies have been servicing customers and helping to grow the game of lacrosse for a combined 48 years. The deal will enable the combined company to provide more value to its customers and business partners, while extending its market reach to five key markets with plans to expand into several others.
Frank Barbarino of Lax World said, “We are thrilled to be combining forces with Breakaway Sports. In addition to expanding our store base and team sales capabilities, we our adding a deep and talented group of professionals who are industry leaders in the lacrosse community.” I’m extremely thrilled that Phil McCarthy will be part of the management team as we continue our growth through more acquisitions and organically. Management members from both companies will work collaboratively to create a phased integration plan to join both entities onto one platform.
Phil McCarthy, Founder and Owner of Breakaway Sports said, “This decision will transform the way we come to market for our customers and employees. This will maximize our potential and allow us to better compete in all sales channels in this evolving competitive environment. Mergers are mostly about the people, and we feel that we are coming together with a great group that will allow us to fully reach our potential to become the largest lacrosse specialty store in the country.”
The combined company will have stores in Washington, Colorado, New York, Maryland, Virginia and Georgia.
About Lax World
Founded in 1988 and headquartered in Cockeysville, MD, Lax World has three decades of expert leadership. Lax World proudly serves its customers through retail stores, e-commerce, and a team sales division. The company transformed hands in 2013 from lacrosse icon and visionary Jim “Darky” Darcangelo by a new management team to take Lax World to the next level in the sport of Lacrosse.
About Breakaway Sports
Founded in 1996, and has stores in Washington, Colorado, New York, and Georgia. They have a strong focus on retail and a national presence in team sales. It has prided itself on supporting the growth of the game in many non-traditional markets.