Boot Barn completes acquisition of Texas-based retailer Wood's Boots

By

Obi Anyanwu

Published
Sep 15, 2017

Boot Barn on Tuesday announced that it has completed a transaction to acquire Wood’s Boots, a family-owned retailer based in Midland and Odessa, Texas.

 
Founded in 1965 by Billy Joe Wood, Wood’s Boots operates four retail locations in Odessa, Midland and Colorado City, TX. Boot Barn purchased the retailer’s inventory, entered into new leases with the stores’ landlord and offered employment to the Wood’s Boots staff.
 
In addition, Boot Barn funded the acquisition with cash on hand.

“We are pleased to further expand our store portfolio in the cities of Midland and Odessa,” said Boot Barn CEO Jim Conroy.
 
“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. 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.”
 
Boot Barn also reported that all of its Houston-area employees are safe and all but two of its 20 stores reopened within a week.