On June 1 the management team of Fleet Feet Inc. partnered with Raleigh-based Investors Management Corporation (IMC) to acquire Fleet Feet Sports from former CEO Tom Raynor and the Specialty Retail Development Company, which operates 17 franchise stores around the country.
The Fleet Feet Inc. management team will run the company under Jeff Phillips, newly appointed president and CEO of the combined companies, CFO Joey Pointer and Luke Rowe, who will continue his role as vice president of business development while also overseeing new franchise development.
IMC will support the management team both financially and professionally.