Greyrock Capital Inc. announced the acquisition of Kahunaverse Sports Group Inc. and its subsidiary company, Soccer Express Trading Corp.
The Group operates under the Home Run Sports, SoccerX and Kahunaverse Sports banners and is the leading national provider of team sports apparel and equipment to academic institutions, sports associations, clubs, and leagues throughout Canada. Greyrock Capital is a Winnipeg-based private equity group.
Greyrock Co-Founder David Blatt will immediately step into the role of CEO of Kahunaverse Sports Group Inc.
“Notwithstanding the real challenges we are all facing today with COVID-19, people’s passion for participating in team sports will always be a cornerstone of our Canadian identity,” said Blatt. “We are excited about the opportunities to build on the strong relationships with our customers and partners and to invest in the strategic growth of the business”
In addition to growth capital, Greyrock brings senior management expertise and experience in a variety of sport-related businesses, particularly in the hockey channel.
When asked about immediate priorities for the Group, Blatt said “We feel strongly about our “OneTeam” approach going forward and our intention would be to amalgamate the Group, focus on ongoing initiatives to integrate our internal systems and operations and invest in technology solutions that enhance our customer and partner experience and help us to be an employer of choice.”
Photo courtesy Kahunaverse Sports Group
