(KWES) - Boot Barn Holdings has acquired the 4 store operations of Wood's Boots.
According to a release, the transaction took place on Tuesday.
We're told as part of the transaction, Boot Barn purchased the inventory, entered into new leases with the stores' landlord and offered employment to the Wood's Boots team at all 4 store locations.
Jim Conroy, Chief Executive Officer, said in a release, "We are pleased to further expand our store portfolio in the cities of Midland and Odessa. West Texas is a strong market for both western and work wear and this acquisition helps us bridge our Texas stores to those in New Mexico as we continue to build our national presence. Paul Wood has built a very strong customer following and has assembled a tremendous team of associates. These stores will help accelerate our planned store openings for the year and demonstrate our commitment to filling in critical markets such as those in Texas."
Paul Wood, President of Wood's Boots said in a release, "I want to express my appreciation to the team members in the four locations who have provided exceptional service to our loyal customers and enabled us to build a great business. It is exciting to have Wood's join Boot Barn, the leading western retailer in the country, and I am looking forward to seeing the opportunities that a national retail company can provide to our associates in the future."