Finish Line increases ownership in Running Specialty Group

Indianapolis - The Finish Line Inc. Gart Capital Partners (GCP) have agreed to Finish Line increasing its ownership in Running Specialty Group (RSG). GCP will retain an ownership position in RSG, maintain two positions on the RSG board of directors and will continue to provide leadership in ongoing business development opportunities.

RSG also announced today the appointment of Bill Kirkendall as president. He will assume management of the day-to-day operations at RSG from Gart Companies. Kirkendall served as a member of Finish Line’s board of directors since 2001 until his resignation April 24, 2014. Terms of the agreement were not disclosed.

“With the Gart’s leadership, we have almost tripled the number of stores under the RSG banner,” said Finish Line chairman and CEO Glenn Lyon. “We have invested time and energy into learning about RSG’s customers, business plan and operations since acquiring the original chain and are taking our next step in the management of the business. The Gart’s involvement has been pivotal in RSG’s acquisitions and growth to date. We are at a milestone where with Finish Line’s increased ownership, we will take our running specialty platform to a new level.”

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