He wasnt going to stop leading the basketball team he loved. /Filter /FlateDecode Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc 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 coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry including fitness and sporting goods. 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 0000009459 00000 n It should be about the community, right?. 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. Its just been a lot of conversations, a lot of occupying mental space, just trying to keep everything going, Derrick said. And the kids are caught in the middle of it.. WebEuropa Sports Products, Inc. Overview. YogaWorks. The work is typical warehouse work, order pulling, packing etc. 0000003152 00000 n For more information, visit www.lonestardistribution.com. Europa is setting the industry standard in quality, product assortment, customer service and satisfaction. In Michigan, an employee of a Flint-area wrestling club set the organization back after being accused of stealing more than $20,000. 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.". There is plenty of work to do off it. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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. 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. The Hanover Soccer Club stayed afloat but was set back years in its plans to develop a capital project for new fields. See Terms of Use for more information. CHARLOTTE, N.C., March 4, 2016 /PRNewswire/ --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. While lawyers for the Timbers contend that the embezzlement case has jeopardized the organizations status as a tax-exempt nonprofit, the club is still facing considerable debt to build new fields roughly $760,000, according to the clubs latest newsletter sent out to parents in September. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. Robbie Duncan will serve as ESPs new Chief Executive Officer and Tony Todaro as its new Chief Financial and Administrative Officer. Attorneys for the Timbers claim in filings that the clubs administrator even worked as a double agent to maintain access to the clubs computer systems and help the group delete, share and edit documents in an effort to form a new club. 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. not be reproduced, distributed, transmitted, cached or otherwise used without written It was kind of sad, Wheeler said. >> 0000023549 00000 n He warned her of the ongoing lawsuits but opted to not interfere with her choice. It is classified as operating in the Deloitte Use tab to navigate through the menu items. The 25-year-old make-up mogul - who owns her own 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. 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. Web72355 EUROPA SPORTS PRODUCTS, LLC, 11401 H GRANITE STREET, ATLANTA, GA, 30384-7440US Mail (1st Class) FISHMAN JACKSON RONQUILLO PLLC, MARK H. 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. Calendar, Author /Encoding << Equipment Finance Advisor, Inc. All rights reserved. The nonprofit organization reported more than $1.1 million in revenue in 2019 alone, according to the most recent tax records available. About Lone Star Distribution 0000001472 00000 n The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. 73 0 obj 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. 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. But there are still plenty of reminders of the split. WebScott has over 40 years experience repairing and servicing Honda products, ATVs, Motorcycles. His father, Derrick, took over as team manager of the Timbers when most of the boys left last year, and after that first practice in which only five players took the field That was devastating, Derrick said the club was able to fill the roster with recruits from Bend and other nearby towns. Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. Members of these organizations earn continuing education credits by attending ISSN Conferences and Symposia. Deloitte Corporate Finance LLC Advises Europa Sports Products, Inc., in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners 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. 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. WebEuropa Sports Products Health & Diet Food Products, Health & Diet Food Products-Wholesale & Manufacturers, Vitamins & Food Supplements Be the first to review! Bend is not the only community to wrestle with accusations of embezzlement within its youth sports ranks in recent years. 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. In June, while still employed by the Timbers, one of the clubs coaches, John OSullivan, allegedly began circulating a detailed plan to form a rival club. I thought, its probably easier to go in somewhere thats been struggling or has gone through a period of turmoil and fix it than to go to a well-oiled machine, he said. 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. 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. For more information, visit www.investmentbanking.deloitte.com. WebEuropa Sports Products is located in North Carolina . By clicking Sign up, you agree to receive marketing emails from Insider The treasurer, David W. Wells, pleaded guilty to charges of theft in 2018 and received probation. 0000004251 00000 n View Jeff Compton's full profile. 0000003645 00000 n 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. About Deloitte Corporate Finance LLC 0000007892 00000 n 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. This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. 0000005971 00000 n Honda Goldwing, Valkyrie , VTX , and Yamaha Star Motorcycles a /Outlines 65 0 R 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. 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. Youre viewing 3 of 9 executive team members. >> 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. His eighth-grade son chose to remain with the Timbers. /L 288711 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. 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. The culprit, they determined, was Bilanski and another former Timbers employee. "If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," 24 Hour Fitness CEO Tony Ueber said in a statement. You have to know whats happening with clients, competitors, practice areas, and industries. About Lone Star Distribution 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. 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.. Lone Star is a national specialty distributor of sports nutrition and fitness products. With 10 massive distribution centers and offices strategically located nationwide, Europa's expedited delivery process allows customers to keep "Just in Time" inventory. Very little interaction. /S 180 They just left.. His diligence has paid off this fall: He made Summits varsity team as a sophomore. No eye contact at games. Brands listed failed to recover from temporary government-mandated closures to gyms and indoor fitness facilities earlier this year.
