Fairfax Finalizes Transaction to Acquire Controlling Ownership of Peak Achievement Athletics

EXETER, NEW HAMPSHIRE (December 23, 2024) – Peak Achievement Athletics, Inc., the parent company of Bauer Hockey, announced that certain affiliates of Fairfax Financial Holdings Limited finalized a transaction to acquire all the outstanding equity interests in Peak from Sagard Holdings Inc. and other minority shareholders.

On September 30, 2024, Peak announced Fairfax’s plans to acquire ownership of Peak and its stable of brands, including Bauer Hockey (a member of the Hockey Dealers Association), Cascade Lacrosse and Maverik Lacrosse, and the December 23 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,” said Ed Kinnaly, CEO of Peak. “For our retail customers and other partners, this is a positive milestone that will enable us to continue to grow and invest together into the games that we love.

“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.”