KIVA Sports has been acquired by 3STEP Sports
ABOUT THE DEAL:
Ohio Valley Volleyball Center, Inc. doing business as KIVA Sports (also referred to as the “Company” and “KIVA”) has been acquired by 3STEP Sports (“3STEP” or the “Buyer”).
Established in April of 1993 and headquartered in Louisville, Kentucky, KIVA Sports is a training and competition center dedicated primarily to youth development and education in the sport of volleyball, growing the sport of volleyball, and providing unparalleled facilities for playing the sport of volleyball.
Over the last 20-plus years, KIVA has been one of the premier junior volleyball clubs in the nation with 45 championships and 119 medal finishes in national tournament competition. KIVA has also developed more than 125 athletes who have earned college scholarships.
Headquartered in Andover, Massachusetts, 3STEP Sports is the nation’s largest and most impactful youth sports club and event operator. The 3STEP reach 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. The mission of 3STEP is to be the standard of the youth sports experience and create consistency in the industry.
“We are thrilled to be joining 3STEP Sports,” said legendary girls’ volleyball coach, Ron Kordes. “Over the last several years, 3STEP has established itself as one of the premier players in youth sports. We look forward to partnering with them to assist and enhance the growth of the wonderful sport of volleyball.”
“KIVA has established a standard of excellence in club volleyball that is second to none,” said 3STEP Sports founder and CEO David Geaslen. “Ron Kordes has built an empire with KIVA and his mission aligns perfectly with ours. Adding KIVA is a giant step for our growing volleyball division.”
Allston Advisory Group served as the exclusive financial advisor to KIVA Sports. Allston and KIVA mutually defined and executed a strategy to achieve an excellent outcome that fulfilled the owners’ unique personal, professional, and financial goals.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.
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