Christy Sports, a Lakewood, CO-based Winter Sports specialty retailer, received a strategic investment from TZP Capital Partners III, L.P.
Equity investor Norwest Equity Partners will exit the business. The amount of the deal was not disclosed.
Founded in 1958 and led by Matt Gold, CEO, Christy Sports is one of the largest Winter Sports specialty retailers in the nation with more than 60 locations in Colorado, Utah, New Mexico and Washington, offering ski and snowboard services including rental, custom boot fitting, and tuning and repair.
In addition to offering a broad selection of retail merchandise in its stores and through multiple e-commerce sites, Christy Sports is a provider of Rental and Equipment Services. During the winter off-season, the company operates professional outdoor businesses including Patio Furniture & Cycling.
Christy’s senior management team will continue to be led by Gold along with Dan Fox, Hugh O’Winter and Thomas O’Winter. Management and the O’Winter family, led by former CEO and Chairman, Patrick O’Winter, will retain meaningful equity ownership in the business and Patrick O’Winter will remain on the company’s board of directors.