The cheerleading and team sports powerhouse was sold by Charlesbank which acquired the company in 2015 for $1.5 billion from an ESOP. At that time, it had sales of $1.2 billion but sales are now estimated at $1.5 billion through its three main operating companies: Varsity Spirit cheerleading uniforms and competitions, BSN Sports team equipment and uniforms and Herff Jones that specializes in graduation gowns, class rings and the like. In between the two transactions, it has increased its sales force to 1,200 from 1,000, often by buying up independent team dealers but also with one major transaction in 2016 ... Log in to view full article.