Fairfax to continue long-term growth focus with
Peak's portfolio, including industry-leading Bauer Hockey brand
EXETER,
N.H., Dec. 23, 2024 /CNW/ -- Peak Achievement
Athletics, Inc. ("Peak") announced today that certain affiliates of
Fairfax Financial Holdings Limited (collectively, "Fairfax") (TSX:
FFH and FFH.U) closed a transaction to acquire all the outstanding
equity interests in Peak from Sagard Holdings Inc. ("Sagard") and other minority shareholders.
On September 30, 2024, Peak
announced Fairfax's plans to acquire ownership of Peak and its
stable of brands, including Bauer
Hockey, Cascade Lacrosse and Maverik Lacrosse, and today's
closing completes the process.
"This is a generational milestone in our company's storied
history. We're deepening our heritage that began in Kitchener, Ontario, in 1927, continuing with
ownership who fully understands and values hockey's connections to
Canadian culture and community. For our retail customers and other
partners, this is positive milestone that will enable us to
continue to grow and invest together into the games that we love,"
said Ed Kinnaly, Chief Executive
Officer of Peak. "I want to thank Fairfax for their continued
commitment to our employees, our retailers and affiliated business
partners. As much, I want to thank Sagard for their guidance and partnership over
the last seven years that contributed to our strong position
today."
In 2017, Fairfax purchased Peak and its portfolio of global
brands, including BAUER, CASCADE and MAVERIK. Bauer Hockey is the leading hockey equipment and
apparel manufacturer in the world and the No. 1 brand in the game.
Cascade Lacrosse and Maverik Lacrosse combine to be the leader in
lacrosse head protection and equipment.
Media Contact
Media@Bauer.com
603-430-2111
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content:https://www.prnewswire.com/news-releases/fairfax-closes-transaction-to-acquire-controlling-ownership-of-peak-achievement-athletics-302337960.html
SOURCE Bauer
