Maine-based sports retailer Olympia Sports, recently acquired by a private equity firm, will be closing all its stores by the end of September, according to the Portland Press Herald.

The newspaper reported Friday, July 22, a spokesperson for the company confirmed all 35 stores would be closing by the end of September and all stores have already started liquidation sales. The spokesperson said she did not know the total number of employees who would be affected

Olympia Sports opened its first store in 1975 in South Portland. Over the next 44 years, Olympia opened shops in more than 150 locations throughout the Northeast, Mid-Atlantic, and Midwest.

The Rockland store opened nearly 20 years ago in the Harbor Plaza Shopping Center off Camden Street.

The Rockland store survived a round of store closures in November 2019.

Olympia Sports was founded in 1975 by Edward Manganello, a native of Munjoy Hill in Portland and former math teacher at Bonny Eagle High School in Standish. He opened the first store in the Maine Mall in South Portland, selling footwear, sports equipment and clothing. By 2013, the company operated 226 locations from Maine to Virginia and was planning to expand by 20 stores per year.

Then, Denver-based running and active lifestyle brand JackRabbit bought the company in 2019.

JackRabbit had been acquired in 2017 by California-based private equity firm CriticalPoint Capital, which specializes “corporate divestitures, companies in a state of transition, and special situations,” according to its website. CriticalPoint also bought Shoes.com from Walmart in October 2020.

JackRabbit, Olympia Sports and Shoes.Com were grouped under the Denver-based platform “Running Specialty Group,” whose CEO is Bill Kirkendal.  In December 2021, CriticalPoint sold Jack Rabbit to North-Carolina running footwear company Fleet Feet.