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3Step Sports Acquires Patriot Lacrosse Club

Oct 05, 2022•almost 3 years ago

Acquiring Company

3STEP Sports

Acquired Company

Patriot Lacrosse Club

SportsNon Profit

Description

3STEP Sports, the nation’s largest and most impactful youth sports club and event operator, has acquired Patriot Lacrosse Club, adding another elite youth training and development organization to its lacrosse division.

Company Information

Company

3STEP Sports

About

The reach of 3STEP Sports LLC spans 43 states and serves more than 3.2 million athletes across nine sports through industry-leading events, nationally spanning club programs, premier media content and more. 3STEP was founded by David Geaslen, who sought to create better experiences and more opportunities for athletes and their families. The mission of 3STEP is to be the standard of the youth sports experience and create consistency in the industry. 3STEP also partners with the non-profit charity Mission Win, which aims to transform the lives of children through sports participation, leadership training and professional development. To learn more about 3STEP Sports, go to www.threestep.com. For more on Michigan Elite, go to www.mielite.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed