Boot Barn Acquires Sheplers for $147M

Lifestyle retailer Boot Barn Holdings, Inc. Monday said it has entered into a definitive agreement to acquire Sheplers, Inc., a 116-year old western lifestyle company with 25 retail locations across the U.S. and an industry-leading e-commerce business, for $147 million in cash. For the 12 months ended March 28, Sheplers had net sales of about $157 million, which included $66 million of e-commerce sales, and adjusted Earnings Before Interest, Tax, Depreciation and Amortization or EBITDA of $14.9 million.