Shock Doctor Sports and McDavid Inc. jointly announced the finalization of the transaction officially merging the two leading sports protection companies. Financial terms were not released and both companies will continue to operate independently for the near term.
“This transaction reinforces our commitment to becoming the number one choice for athletes around the world who demand performance and protection,” said Tony Armand, president and CEO of Shock Doctor Sports, the company that includes Shock Doctor, Cutters and XO Sports. “I have long admired McDavid through the years. Having spent a lot of time with Bob McDavid and his team over the past few months has proven why they are held in such high regard by our industry.”
“Two companies were made stronger today and the beneficiary is every athlete seeking the finest athletic performance, protective and recovery gear on the market,” said Bob McDavid, president and CEO of McDavid Inc. “I am excited for the role I am going to play in the next chapter of both these companies.”
Armand will be the CEO of the combined businesses with McDavid serving as Chairman of the Board. William Blair & Co. and Dechert LLP advised Shock Doctor, while Imperial Capital, LLC and Skadden, Arps, Slate, Meagher & Flom LLP advised McDavid throughout the merger.
