Lax.com expects to see a substantial expansion of its scope in the lacrosse marketplace, acquiring one of its chief competitors, Universal Lacrosse. The company said the acquisition combining the Lax.com and Universallacrosse.com sites makes Lax.com the largest e-commerce and team dealer dedicated strictly to the sport of lacrosse. Lax.com will also be acquiring Universal’s 10 retail stores.
Terms of the deal were not disclosed.
“This move puts Lax.com in a great position to scale the business. The addition of John Flanagan and his team provides the added talent to launch Lax.com into an exciting new chapter” stated John Arrix, CEO, Lax.com. “As we unite these two companies, we are poised to harness the unparalleled expertise of our lacrosse team sales force, and we will raise the bar for customer service excellence in the industry. Our unwavering commitment to seamless relationships with our valued customers will drive a transformation of the Lax.com online platform, bolstered by synergies with Universallacrosse.com and our array of digital properties.”
John Flanagan, CEO and Founder of Universal, stated, “We are excited for the future. The strategic positioning of Universal Lacrosse stores will remain instrumental in servicing vital lacrosse communities, strengthening Lax.com’s omnipresence from online to team to retail and ensuring that customers can engage with us on their own terms. This comprehensive approach underscores our dedication to meeting diverse consumer needs and preferences.”
Looking ahead to the remainder of 2024 and beyond, the company said Lax.com’s growth trajectory will be guided by the collective efforts of the veteran teams, united under a shared vision of success.
“Together, the platform can capitalize on synergies, innovate relentlessly, and propel our combined group to new apexes of accomplishment within the lacrosse market,” the company wrote in a release.
Universal’s 10 retail stores will continue under the Universal name and Lax.com and Universal will continue to run separate e-commerce platforms. Universal’s team sales division will move under Lax.com.
Additional details on the new combined business are expected to be available in the coming weeks.
Images courtesy Lax.com/YouTube
