Particle.news
Download on the App Store
5 ARTICLES
·
6mo ago

Fairfax to Acquire Controlling Interest in Bauer Hockey Owner

The deal will see Fairfax Financial Holdings take over Sagard Holdings' equity in Peak Achievement Athletics, which owns Bauer and other sports brands.

Overview

  • Fairfax Financial Holdings Ltd. will acquire a controlling interest in Peak Achievement Athletics Inc., the owner of Bauer Hockey.
  • The transaction involves Fairfax taking over equity previously held by Sagard Holdings Inc., an asset management company owned by Montreal's Desmarais family.
  • The deal is expected to close in the fourth quarter of 2024, transferring oversight of Bauer, Cascade Lacrosse, and Maverik Lacrosse to Fairfax.
  • Fairfax and Sagard initially acquired Bauer out of bankruptcy in 2017 for $575 million.
  • Bauer, founded in 1927, is a prominent brand in hockey equipment, widely used by NHL players.