San Francisco — A joint venture led by Sansome Pacific, a real estate investment firm based in San Francisco, has acquired 11 locations of outdoor sports retailer Cabela’s for $324.3 million. The transaction was structured as a sale-leaseback with the seller, Bass Pro Shops, which owns the Cabela’s brand.
The specific locations of the 11 stores were not disclosed.
Bass Pro Shops acquired Cabela’s in 2017 in a blockbuster, $5.5 billion deal. The merger brought together three of the nation’s top outdoor sporting brands: Cabela’s, which specializes in hunting; Bass Pro Shops, which specializes in fishing; and White River Marine Group, a Bass Pro Shops company that specializes in boating. At the time of sale, the combined portfolio of the three brands totaled 184 stores in the U.S. and Canada.