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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.