Fulcrum Capital Partners has acquired Athletica Sport Systems. Financial terms weren’t announced. Athletica, of Waterloo, Ontario, provides arena services and products, including dasher board systems for hockey arenas and multi-sport athletic facilities.
Fulcrum Capital Partners (“Fulcrum”), a private equity firm focused on the Canadian middle market, announced the acquisition of Athletica Sport Systems (“Athletica”). Athletica is a leader in arena services and products, including its market-leading dasher board systems for hockey arenas and multi-sport athletic facilities.
“We are thrilled to announce this transaction and partnership with Fulcrum,” said Andrew McRae, CEO of Athletica. “Fulcrum has a long history of value creation by assisting businesses such as ours to execute strategic goals. We look forward to working with Fulcrum to pave the way for Athletica’s next phase of growth.”
Robert Naegele Jr., a driving force behind Athletica’s success, will continue to be involved with the company, contributing his vast knowledge in the sport of hockey and the business.
Paul Eldridge, a Partner at Fulcrum, said, “The company’s reputation for superior customer service, safety and industry-leading solutions make Athletica an exciting investment for Fulcrum. We plan to build upon the solid foundation created by the team at Athletica.”
The investment was made by Fulcrum Capital’s Private Equity Fund V and marks the eighth platform investment made from Fund V, which closed in July 2015.
Fulcrum Capital Partners is an independent private equity firm focused on the Canadian middle market. Fulcrum has invested more than $750 million over the past two decades and is currently investing from its fifth private equity fund with $350 million in committed capital.
Fulcrum has helped build and grow more than 45 platform companies by providing strategic, operational, financial and M&A expertise. Fulcrum maintains a national presence with multiple offices across Canada. Visit our website to learn more.
Athletica, a leader in arena services is a designer, manufacturer, and installer of dasher board systems for hockey arenas and multi-sport athletic facilities, serving the professional, semi-pro and community end-markets. Headquartered in Waterloo, Ontario, the company also has an office in Minneapolis, Minnesota. To learn more, please visit our website.