Converse Cuts Corporate Jobs as Nike Restructures to Revive Sales Growth 
U.S. Judge Allows Jeffrey Epstein Sex Trafficking Lawsuit Against Bank of America to Proceed 
Xiaomi EV Deliveries Surpass 600,000 Units as SU7 and YU7 Drive Strong Growth 
Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems 
FTC Questions Apple News Over Alleged Bias Against Conservative Media 
Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims 
Bank of America CEO Brian Moynihan’s 2025 Compensation Rises 17% to $41 Million Amid Strong Profit Growth 
Michael Kors Marks 45 Years at New York Fashion Week with Fall/Winter Collection Showcase 
Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App 
Senators Urge CFIUS Review of UAE Investment in Trump-Linked Crypto Firm World Liberty Financial 
Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development 
Westpac (ASX: WBC) Q1 Profit Rises 6% as Lending Growth and Treasury Income Strengthen Earnings 
Boeing Reports Major Supply Chain Quality Improvements After Spirit AeroSystems Deal 
How Marco Pharma International Preserves German Homeopathic Traditions in America 
Sachem Head Boosts Warner Bros. Discovery Stake Amid Netflix Deal and Paramount Bid 
Valero Energy Expands Venezuelan Crude Imports as U.S. Sanctions Ease 
TORONTO, April 23, 2018 -- 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.
ABOUT FULCRUM
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.
ABOUT ATHLETICA
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.
For more information, please contact: Fulcrum Capital Partners Phone: 416.864.2761 E-mail: [email protected]
