Canada Tire Closes $85M Buy Of PE-Backed Pro Hockey Life

Law360, New York (August 12, 2013, 8:15 PM EDT) -- The sports retailer subsidiary of Canadian Tire Corp. Ltd. has completed the acquisition of private equity-backed Pro Hockey Life Sport Inc. for $85 million, picking up a nationwide sports retailer with nearly $100 million in annual revenues, Canadian Tire said Monday.

The deal, first announced in November, ends the ownership of Pro Hockey Life by a consortium of private equity firms, including Champlain Financial Corp. and Fondaction. Pro Hockey Life will be operated as its own banner under FGL Sports, joining popular brands such as Sport...
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