KIVA Sports has been acquired by 3STEP Sports
ABOUT THE TRANSACTION:
Allston Advisory Group is pleased to announce the successful acquisition of Ohio Valley Volleyball Center, Inc., doing business as KIVA Sports (the “Company” and “KIVA”) by 3STEP Sports (“3STEP” or the “Buyer”).
Founded in 1993 and headquartered in Louisville, Kentucky, KIVA Sports is one of the nation’s premier youth volleyball organizations. The Company provides elite training, competitive opportunities, and player development for athletes of all skill levels. In addition, KIVA operates first-class volleyball facilities dedicated to growing the sport and developing student-athletes both on and off the court.
Over the past two decades, KIVA has built a nationally recognized volleyball program. During that time, its teams have captured 45 national championships and earned 119 national tournament medal finishes. Moreover, more than 125 KIVA athletes have continued their athletic and academic careers through college volleyball scholarships. As a result, KIVA has established a reputation for excellence, leadership, and long-term player development.
Headquartered in Andover, Massachusetts, 3STEP Sports is the nation’s largest youth sports club and event operator. Today, the organization serves more than 3.2 million athletes across 43 states and nine sports. Through premier club programs, nationally recognized events, and innovative media platforms, 3STEP continues to elevate the youth sports experience nationwide.
The acquisition further strengthens 3STEP’s expanding volleyball platform while preserving KIVA’s tradition of excellence. In addition, the partnership provides greater resources to support future growth, athlete development, and program expansion. Together, the organizations are well positioned to build on KIVA’s longstanding success.
“We are thrilled to join 3STEP Sports,” said legendary volleyball coach, Ron Kordes. “Over the past several years, 3STEP has established itself as a leader in youth sports. We look forward to growing the game together. Most importantly, this partnership creates exciting opportunities for our athletes, families, coaches, and community.”
David Geaslen, Founder and Chief Executive Officer of 3STEP Sports, added, “KIVA has established a standard of excellence that few organizations have achieved. Furthermore, Ron Kordes built an outstanding program that aligns perfectly with our mission. Accordingly, KIVA represents an exceptional addition to our growing volleyball platform.”
Allston Advisory Group served as KIVA Sports’ exclusive financial advisor throughout the transaction. The firm developed and executed a customized sale strategy that achieved the owner’s personal, professional, and financial objectives. Allston also guided the Company through valuation, buyer negotiations, due diligence, and closing.
ABOUT ALLSTON ADVISORY GROUP:
Allston Advisory Group is an independent mergers and acquisitions advisory firm serving lower middle market businesses throughout the United States. The firm provides sell-side advisory, business valuations, and exit planning services across diverse industries. Allston combines transaction expertise with personalized client service to help business owners maximize value and achieve successful outcomes.
For additional information on this deal, please contact one of our advisors.
