Certain affiliates of Fairfax Financial Holdings Limited has closed a transaction to acquire all the outstanding equity interests in Peak Achievement Athletics, Inc. from Sagard Holdings Inc. and other minority shareholders. Fairfax and Sagard acquired Peak in 2017.
On September 30, 2024, Peak announced Fairfax’s plans to acquire the remaining equity of Peak not owned by Fairfax, giving it control of the company. The deal includes Bauer Hockey, Cascade Lacrosse and Maverik Lacrosse. The 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, CEO, Peak Achievement Athletics, Inc. “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.”
With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey manufactures hockey equipment and apparel. Cascade Lacrosse and Maverik Lacrosse manufacture lacrosse head protection and equipment.
Image courtesy Bauer Hockey
