NEW YORK--(BUSINESS WIRE)--Chartwell Investments, a New York based private investment firm announced today that they have partnered with senior hockey management to acquire the Easton Hockey business from BRG Sports Inc. The new company will be named Easton Hockey, Inc. Terms of the transaction were not disclosed.
Founded in 1992, Chartwell invests in and partners with family and entrepreneurially owned companies across a range of industries. With this acquisition, Chartwell has appointed Mary George CEO of Easton Hockey. As the former CEO of Bell Sports, former Oakley board member and current board member of BRG Sports, Ms. George brings extensive experience in the sporting goods industry. Matt Arndt will continue in his current role as President and General Manager. Mary and Matt will be supported by a highly experienced and talented team of hockey industry professionals: Mark Kuryak, Senior Vice President Global Sales, Anthony Fisher, Senior Vice President Global Marketing, and Petar Katurich, Vice President of Finance. Easton Hockey will continue to operate out of Van Nuys, California, and Kirkland, Quebec.
"We are convinced of Easton Hockey's tremendous potential to be the hockey industry's leading premium equipment manufacturer," said Mike Shein, Chartwell's Managing Partner. "The Company's seasoned management team has already made great strides to position Easton Hockey for an accelerated growth trajectory based on outstanding product innovation, at the core of what Easton Hockey is about. Additionally, the recapitalization brings substantial financial backing to the Company which allows Mary, Matt and the management team to be laser focused on serving their customers and hockey consumers with excellence."
“With this move, Easton Hockey is a more nimble, entrepreneurial company, allowing us to focus and deliver on our growth plans through industry leading product innovation, strategic retail partnerships and strengthened consumer connections.” said Matt Arndt, President and General Manager of Easton Hockey Inc.
About Easton Hockey, Inc.:
Easton Hockey is a leading designer, developer, manufacturer and marketer of hockey sticks, skates, protective, accessories and apparel worldwide. Since its foray into the hockey category nearly 30 years ago, Easton Hockey has grown into one of the most innovative and progressive ice hockey brands.
Easton Hockey continues to excel and evolve bringing to market breakthrough game-changing products through legendary hockey brands like Synergy and Stealth.
Easton Hockey is headquartered in Van Nuys, California USA and Kirkland, Quebec Canada. Its hockey equipment is available and being used worldwide.
About Chartwell Investments:
Chartwell Investments is a private investment firm targeting leading middle‐market companies with an emphasis on family and entrepreneurially‐owned businesses and corporate carve-outs. Chartwell invests in companies across a range of industries that have outstanding management teams and compelling business models with EBITDA typically between $5 million and $25 million. Chartwell has a long term investment horizon extending beyond typical PE boundaries and has extensive sponsor and operational experience. Additional information on Chartwell Investments can be found at www.chartwellinvestments.com.
