Blue Star Sports
Blue Star Sports Completes 12th Acquisition: Student Sports – Forbes
The Blue Star Sports acquisition spree continues. On the heels of purchasing sports video analysis and statistics company Krossover, Dallas-based Blue Star Sports will also be announcing that it has acquired Student Sports, an event, marketing and media company dedicated to developing elite amateur athletes.
The specific terms of the deal have not been disclosed, but the purchase of Student Sports counts as Blue Star’s twelfth acquisition since its creation in 2016.
“At Blue Star Sports our vision has been to create and expand on the player development resources available to our country’s best amateur athletes,” said Blue Star Sports Founder and CEO Rob Wechsler. “Adding Student Sports to our current offering, and bringing in one of the industry’s best leaders in Andy Bark, is a huge win for Blue Star Sports as we continue our pursuit to own the player development and event space for amateur sports.”
There is a distinct strategy surrounding Blue Star’s spending spree, which has been propped up by a significant equity investment from Genstar Capital that a source says was in the realm of $250 million. Blue Star wants to become the leading company within a bustling youth sports sector that is said to have brought in over $1 billion in investment and consolidation within the past eighteen months.
Blue Star is all about consolidation of the youth sports sector through acquisition, and has the resources and influencers (i.e. Dallas Cowboys owner Jerry Jones) alongside to accomplish its goal. The challenge for Blue Star will be integration of its various assets. If successful, then acquisitions like Student Sports make perfect sense for Blue Star and its team of investors.
“For over 30 years, we have always served students who compete in sports first and foremost,” said Student Sports CEO Andy Bark. “So when Rob and his team at Blue Star Sports inquired about us joining forces we were all in, because working with millions of players, parents and coaches, rather than thousands, has been my goal all along.”
This is the same kind of language that Krossover founder Vasu Kulkarni used when highlighting the positives of being bought out by Blue Star only one week ago. There is an excitement among founders of various youth sports startups when it comes to Blue Star’s potential to scale all of its acquired assets as one. There is also undoubtedly excitement among the early investors in these startups that are now being scooped up.
“RSE Ventures recognized vast potential in Student Sports and has been proud to help cultivate their business since our investment in April 2015 managed by Daniel Sillman,” RSE Ventures co-founder and CEO Matt Higgins. “Student Sports joined the RSE family and our teams worked closely to create new levels of success through a diverse set of partnerships. Today we congratulate Student Sports and Blue Star and look forward to our continued partnership.”
Darren Heitner the Founder of South Florida-based HEITNER LEGAL, P.L.L.C. and Sports Agent Blog. He authored the book, How to Play the Game: What Every Sports Attorney Needs to Know.