Eastern Mountain Sports Acquired by Private Equity Firm

Versa Capital Management, a Philadelphia-based private equity investment firm, has acquired Eastern Mountain Sports (EMS), effective immediately. Terms of the deal weren't disclosed. Mark Walsh, a Versa principal and chairman of Bob's Stores, a northeastern apparel retailer that's part of the Versa portfolio, will serve as chairman of the board of EMS, which operates 69 stores in 12 Eastern states.