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Stock impact report

Bluestone Invests $30 Million In Selkirk Sport As Pickleball Company Expands Ambitions [Forbes]

Dick's Sporting Goods Inc (DKS) 
Last dick's sporting goods inc earnings: 3/10 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.dicks.com
Company Research Source: Forbes
Selkirk recently received a $30 million growth equity investment from Bluestone Equity Partners, valuing Selkirk at about $200 million. ... More Selkirk Sport Since founding Selkirk Sport in 2014, the Barnes family has turned the company into a leading firm in pickleball just as the sport's popularity has significantly increased. Now, Selkirk is looking to expand even further thanks to a $30 million growth equity investment from Bluestone Equity Partners, a New York-based private equity firm. The deal values Selkirk at about $200 million. It is the first time Selkirk has taken any outside investment. Selkirk, which manufactures pickleball paddles, balls, nets, shoes and apparel, is profitable and expects to generate at least $100 million in revenue this year, according to Mike Barnes, who is the company's co-CEO alongside his brother, Rob Barnes. Their father, Jim, is Selkirk's president, while their youngest brother, Tom, is director of research and development. Mike and Ro Show less Read more
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