TIA Partners with Sports Club Advisors On ‘Strategic Management Initiative’ for Tennis Facilities
HILTON HEAD ISLAND, SC (May 18, 2016) — The Tennis Industry Association (TIA) has announced a strategic partnership with Sports Club Advisors (SCA) of Chicago in the areas of strategic management and financial advisory services for tennis clubs and facilities.
Through the TIA’s “Strategic Management Initiative,” Sports Club Advisors will provide a range of services that tennis and health facility owners can take advantage of, including Mergers & Acquisitions, Business Broker Services, Exit Planning Services, Business Valuation, Industry Benchmarking, Operational Consulting, Education & Certification, Executive Search Services, and Raising Capital.
“The TIA recognizes the need to provide sophisticated financial advisory services to its members as facility managers and owners navigate the challenges of operating a tennis facility in the 21st century,” says TIA Executive Director Jolyn de Boer. “With this partnership, facility owners now have a place to go for resources, education and assistance.” Sports Club Advisors also is now a part of the new TIA Knowledge Base (tennisuniversity.org/strategic-management), which provides tennis industry businesses with resources and information to help them succeed.
Sports Club Advisors is led by Jim Bates and Rich Jackim, two seasoned deal-makers and published authors with over 30 years of combined experience advising business owners. Bates, who co-authored the book “Business Valuation for Dummies”, has also been in the tennis business for 30 years, and Jackim, a former merger & acquisitions attorney and investment banker, has held senior leadership roles at national firms.
“Rich and I are passionate about helping privately held business owners,” Bates says. “We are excited about the role we can play to help further this game and this industry.”
To learn more about Sports Club Advisors, visit sportsclubadvisors.net. Owners can receive a Free Opinion of Value of their club, and prospective buyers can register to receive notices of investment opportunities in the tennis, sports and fitness industries. TIA members at the Associate level and above receive 10% off all Sports Club Advisors fees.
About Sports Club Advisors
Sports Club Advisors is the first industry-specific firm of its kind. Led by Jim Bates and Rich Jackim, the Chicago-based advisory firm will provide “Wall Street caliber investment banking services to the tennis & fitness industry.” The two principals are seasoned deal-makers and published authors with over 30 years of combined experience advising business owners. Bates also an expert in the tennis industry both on and off the court, having taught tennis for 30 years. He was named PTR Pro of the Year for Illinois in 2012, has written for TennisPro magazine, speaks at TIA and PTR events, and holds three PTR certifications. Jackim was a mergers & acquisitions attorney with White & Case in New York City. He also has an MBA from the Kellogg Graduate School of Management and worked as an investment banker. Visit sportsclubadvisors.net or contact firstname.lastname@example.org or email@example.com.
About the TIA
The Tennis Industry Association, the not-for-profit trade association for tennis, is THE unifying force in the tennis industry whose mission is to promote the growth and economic vitality of tennis by working closely with the U.S. Tennis Association and industry partners to develop and implement initiatives to increase tennis participation and improve the health of industry businesses. Core TIA activities include producing more than 70 research reports annually on participation and consumer/trade research, in addition to Grow the Game Initiatives such as PlayTennis.com, Cardio Tennis, 10 and Under Tennis, the GrowingTennis System™, and Careers in Tennis. Visit TennisIndustry.org or call 866-686-3036.