Controlling interest in owner of hockey brand Bauer to be sold to Fairfax affiliates

Canadian Press

Tara Deschamps

Published Sep 30, 2024 • Last updated Sep 30, 2024 • 1 minute read

The owner of Bauer Hockey says it has sold controlling interest in its overall business to affiliates of Fairfax Financial Holdings Limited. Canada national junior team defenceman Jack Thompson wears Bauer hockey gloves during a training camp practice in Calgary, Tuesday, Aug. 2, 2022. Photo by Jeff McIntosh /The Canadian Press

The owner of Bauer Hockey says affiliates of Fairfax Financial Holdings Ltd. will acquire controlling interest in its overall business.

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Peak Achievement Athletics Inc. did not reveal the value of the deal, but says the transaction will hand Fairfax an equity interest previously owned by asset management company Sagard Holdings Inc.

Peak expects the transaction to close in the fourth quarter, when Fairfax will assume oversight of Bauer and Peak’s Cascade Lacrosse and Maverik Lacrosse bands.

Fairfax and Sagard acquired Bauer out of bankruptcy in 2017, paying $575 million for the sports equipment manufacturer.

Bauer’s history dates back to 1927, when the company says it developed the first skate by strapping a blade to a foot. The brand has since become a staple at arenas with its vast array of products used by NHL stars.

Fairfax is a holding company that has dabbled in consumer goods through stakes it has held in Toys “R” Us Canada, Sporting Life, Golf Town and Recipe Unlimited Corp. It recently announced a deal to buy Sleep Country Canada Holdings Inc.

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