Peak Achievement Athletics Acquired by Fairfax Financial Holdings
Deal News | Dec 23, 2024 | PR Newswire Cision Bauer
Fairfax Financial Holdings has concluded a transaction to take full ownership of Peak Achievement Athletics. The acquisition, finalized on December 23, 2024, conveys control of Peak's portfolio which includes the globally recognized Bauer Hockey brand, as well as Cascade and Maverik Lacrosse. This landmark transaction marks a significant event for all parties involved, allowing Fairfax to progress its strategy of long-term investment in prominent sports brands. The closure of the deal saw Peak, formerly owned by Sagard Holdings Inc., transition completely to Fairfax. Peak's CEO, Ed Kinnaly, highlighted the importance of this acquisition in strengthening the company’s heritage and underscored Fairfax's understanding of the intrinsic link between hockey culture and Canadian identity. Sagard’s involvement over the past seven years was also credited for Peak’s robust market position today.
Sectors
- Private Equity
- Sports Equipment Manufacturing
- Investment Management
Geography
- Canada – The article mentions the historical roots of Bauer Hockey in Kitchener, Ontario, Canada, and highlights Fairfax's Canadian identity.
- United States – The transaction announcement is set in Exeter, New Hampshire, indicating substantial operations or impacts in the U.S.
Industry
- Private Equity – The article discusses an acquisition deal completed by Fairfax Financial Holdings, a company involved in private equity investments.
- Sports Equipment Manufacturing – The article mentions Peak Achievement Athletics, known for its sports brands like Bauer Hockey, which is involved in the manufacturing of sports equipment.
- Investment Management – Sagard Holdings, the selling company, is involved in investment management, indicating participation in managing financial assets.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fairfax Financial Holdings Limited | Bidding Company | Company | Fairfax is acquiring Peak Achievement Athletics. |
| Peak Achievement Athletics, Inc. | Target | Company | Peak owns popular sports brands including Bauer Hockey, Cascade Lacrosse, and Maverik Lacrosse. |
| Sagard Holdings Inc. | Selling Company | Company | Sagard sold its equity interests in Peak Achievement Athletics to Fairfax. |
| Ed Kinnaly | Chief Executive Officer | Person | CEO of Peak Achievement Athletics, commenting on the transaction. |