Peak Achievement Acquired by Fairfax for Full Control

Deal News | Dec 23, 2024 | PR Newswire Cision Bauer

Fairfax Financial Holdings Limited has finalized a deal to acquire full ownership of Peak Achievement Athletics Inc. Previously held by Peak, the acquisition includes leading sports brands Bauer Hockey, Cascade Lacrosse, and Maverik Lacrosse. This strategic move deepens Fairfax's commitment to long-term growth within the sporting goods industry, while strengthening its connection with Canadian hockey culture and its community. According to Peak's CEO Ed Kinnaly, this acquisition represents a historic milestone that allows further investment and growth opportunities for the company and its partners. Fairfax initially acquired partial ownership of Peak in 2017, marking a new phase of development for its global brand portfolio.

Sectors

  • Sporting Goods
  • Private Equity

Geography

  • Canada – Fairfax Financial Holdings is a Canadian company, and the acquisition reinforces connections to Canada's cultural and sporting heritage.
  • United States – Peak Achievement Athletics is based in Exeter, New Hampshire, and operates its sports brands from there.

Industry

  • Sporting Goods – This sector is relevant as Peak Achievement Athletics specializes in manufacturing sporting goods, including hockey equipment and lacrosse gear, under its renowned brands Bauer, Cascade, and Maverik.
  • Private Equity – Fairfax Financial Holdings acts as an investment firm making strategic acquisitions to expand its portfolio within the sporting goods industry.

Financials

  • Not Disclosed – The financial terms of Fairfax's acquisition of the remaining equity stake in Peak Achievement Athletics were not publicly disclosed.

Participants

NameRoleTypeDescription
Fairfax Financial Holdings LimitedAcquirerCompanyA Canadian financial holding company with a focus on long-term value through strategic acquisitions.
Peak Achievement Athletics Inc.Target CompanyCompanyA sporting goods company known for its brands Bauer Hockey, Cascade Lacrosse, and Maverik Lacrosse.
Sagard Holdings Inc.Selling CompanyCompanyFormer equity holder in Peak Achievement Athletics that sold its remaining stake to Fairfax.
Ed KinnalyCEO of Peak Achievement AthleticsPersonExecutive leader of Peak, providing insights on the strategic impact of Fairfax's acquisition.