sentences:  For 74 years it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts & Co investment firm.Academy Sports & Outdoors came into existence in 1938, when Arthur Gochman and his business partner purchased Southern Sales, a San Antonio-based army-navy surplus chain comprising six stores that were by that year no longer making any profit.At the time, Gochman was a practicing attorney in San Antonio.