Fulcrum Capital Partners, a private equity firm focused on the Canadian middle market, has acquired Athletica Sport Systems, 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., formerly owner of the NHL hockey club, Minnesota Wild, 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.
Waterloo, Ontario based Athletica Sport Systems also has an office in Minneapolis, Minnesota.
photo credit: Athletica Sport Systems