Fairfax Financial to acquire controlling ownership of Peak Achievement Athletics

Peak Achievement Athletics announced that certain affiliates of Fairfax Financial will acquire all the equity interests in Peak currently owned by Sagard Holdings, giving Fairfax control over Peak and its stable of brands including Bauer Hockey, Cascade Lacrosse and Maverik Lacrosse. In 2017, Fairfax and Sagard purchased Peak, which has a portfolio of leading global brands that includes BAUER, CASCADE and MAVERIK. With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey is the leading hockey equipment and apparel manufacturer in the world and the No. 1 brand in the game. Cascade Lacrosse and Maverik Lacrosse combine to be the leader in lacrosse head protection and equipment. The transaction is expected to close in the fourth quarter of 2024.