JD Sports has acquired retailer Go Outdoors for £112.3 million from its private equity owners.

The deal will see JD Sports buy the 58-store tents to cycles retailer from YFM Equity Partners and 3i Group and adds to the group's stable of outdoor brands such as Blacks, Millets and Ultimate Outdoors.

As a result of the deal, Go Outdoors founders Paul Caplan and John Graham will leave the business.

JD Sports has a store in Portland Walk in Barrow town centre. Go Outdoors has just one shop in Cumbria, in Penrith.

JD Sports chief executive Peter Cowgill said: "Go Outdoors is a great addition to our existing Outdoor business.

"The minimal overlap in store locations and their out-of-town, one-stop retailer approach complements the work we have done on the high street with Blacks and Millets and further strengthens our offering in the Outdoor sector. I am excited by the future prospects this holds for the JD Group."

In the 53 weeks to January 31 2016, Sheffield-based Go Outdoors made revenues of £202.2 million and saw pre-tax profit of £4.9 million.