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Buyout deal brings new era for Academy

from Houston Chronicle

For David Gochman, the announcement that he is selling Academy Sports + Outdoors to private equity firm Kohlberg Kravis Roberts & Co. is bittersweet. For 73 years, his family has owned the business. Starting as a tire shop in San Antonio, it transformed itself into an outdoor and lifestyle retail chain with 131 stores in 11 states with $2.7 billion in revenue last year. more

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