Woodbridge International Closes Sale of Athletica Sport Systems to Fulcrum Capital Partners in 228 days
April 23, 2018
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Athletica Sport Systems by Fulcrum Capital Partners.
Athletica Sport Systems, located in Waterloo, Ontario, is a global leader in the design, manufacture and installation of premium-quality arena infrastructure equipment, 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.
Fulcrum Capital Partners, (“Fulcrum”) a Canadian private equity firm focused on the Canadian lower middle market has raised and invested over $750 million in 45 platform companies. 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.