PlayMetrics has acquired SportsEngine, marking a significant consolidation move among major youth sports management platforms.
The deal comes about six months after Comcast cable network spinoff Versant first signaled a desire to offload SportEngine from its portfolio. PlayMetrics — backed by Genstar Capital — will take on “substantially all” of SportEngine’s assets. Terms were not disclosed.
SportsEngine HQ (club, league, team management)
SportsEngine Motion (studio, class-based sports)
SportsEngine Tourney (tournament management)
SportsEngine Play (live streaming, on-demand video)
SportsEngine AES (volleyball competition management)
The National Center of Safety Initiatives — a youth safety advocacy group and background check provider owned by Versant and SportsEngine — is not part of the deal, a person with knowledge of the transaction told Buying Sandlot.
The deal announcement indicates SportsEngine will be folded into PlayMetrics, “bringing new organizations and users onto its platform.”
“SportsEngine customers can expect the same great service they rely on today and will gain access to the full depth of technology offerings PlayMetrics has built,” PlayMetrics CEO Mike Doernberg said in a release.
Genstar acquired PlayMetrics last year and merged it with Stack Sports, which it already owned. The combined company has moved forward under the PlayMetrics banner since.
Ropes & Gray was PlayMetrics’ legal counsel on the deal; LionTree Advisors was its exclusive financial advisor. Gibson Dunn was legal counsel for Versant and and Lazard was its exclusive financial advisor.
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