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Friday, November 22, 2024

Josh Harris Doubles Down on Sports as an Asset Class with Latest Investment

  • The three combine to purchase Oregon-based We Are Camp, which has helped produce several Olympians.
  • Sources tell FOS the deal’s valuation is $10 million.
Shaun White Josh Harris
FOS staff illustration.

Shaun White is partnering with Josh Harris and David Blitzer to purchase a controlling stake in the sports camp that helped White and dozens of others become action sports stars. 

The trio purchased a majority stake in We Are Camp, an Oregon-based extreme sports organization, in a deal valued at $10 million, a source with knowledge of the deal told Front Office Sports. 

Harris’s investment comes after his investments in the NFL’s Washington Commanders, the NHL’s New Jersey Devils, and the NBA’s Philadelphia 76ers.

We Are Camp is the parent company of Seek NW Skateboard Camp, the Windells Skateboarding Camp, Milepost 35 Mountain Bike Camp, and High Cascade Snowboard Camp — all based in Mt. Hood, Oregon. 

Through those camps, many elite athletes in the respective sports have filtered through We Are Camp over the decades, including Canadian freestyle skier Alex Beaulieu-Marchand and American freestyle skier Nick Goepper. 

We Are Camp CEO Kevin English retains equity in the company as four other co-owners — including Tim Windell — sell their shares as part of the transaction. 

“We are coming up on our 35th year doing this,” English told FOS. “As you can imagine, with any camp, there’s continued investment needed to keep the campus updated. But we see our mission as being greater than just on the boundaries of this campus. We’re seeing these sports as a way to engage young people, so this will allows up to to impact more young people’s lives.”

Around 1,800 young athletes participate in one of We Are Camp’s offerings annually, and scholarships have been available for years. The investment will allow We Are Camp to expand financial aid, but the money will also enable the organization to develop partnerships with non-profit organizations.

“We see action sports as a way to engage young people, so this investment will really allow us to impact more lives,” English said.

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