Canadian Tire’s FGL Sports to buy Pro Hockey Life for $85M

Canadian Tire subsidiary FGL Sports Ltd. announced Wednesday that it plans to buy privately owned Pro Hockey Life Sporting Goods Inc. for $85 million. Pro Hockey Life has 23 urban, high-end hockey stores operating in five provinces across Canada and boasts annual revenues of about $95 million. The transaction follows Canadian Tire’s successful acquisition of […]

Canadian Tire subsidiary FGL Sports Ltd. announced Wednesday that it plans to buy privately owned Pro Hockey Life Sporting Goods Inc. for $85 million.

Pro Hockey Life has 23 urban, high-end hockey stores operating in five provinces across Canada and boasts annual revenues of about $95 million.

The transaction follows Canadian Tire’s successful acquisition of FGL Sports in 2011.

Upon conclusion of the transaction, Pro Hockey Life will operate as a banner under FGL Sports, joining others such as Sport Chek and Sports Experts.

“This acquisition is a natural extension of our core authority in sports and hockey and Pro Hockey Life will be an excellent addition to our family of great Canadian companies,” said FGL president Michael Medline.

Pro Hockey Life president Scott Jackson said his company sees “a bright future as part of the Canadian Tire family and I have no doubt that the company will reach even greater heights within FGL Sports.”

Brands Articles

Maple Leaf Foods launches ‘Songs in the Key of Wiener’

Facebook campaign for Larsen Wieners pays homage to the “As Seen On TV” era

Mattel and Walmart open virtual store in Pearson Airport

The brand and retailer are targeting busy travellers this holiday season

Nissan hopes to score with final leg of CFL program

“Back in the Game” sending high school football teams and media to Grey Cup

Mark’s pops up in Vancouver with football competition

CFL partner will test fans’ skills ahead of Grey Cup championship this month

UPDATED: Reitmans shutting down 107 Smart Set stores

Company to convert 31 stores to operate under other fashion brands

Home Depot faces dozens of lawsuits over data breach

Litigation may distract management and affect how the retailer runs its business

Aimia takes a data-dive for Canadian charities

Employees donate data analysis skills to not-for-profits in 24-hour event

Simons readies for major Canadian expansion

Montreal retailer announces plans to open stores in B.C., Alberta and Ontario into 2017

Brands gain momentum with multi-screen program

SPONSORED: How to tell impactful stories through video and across multiple platforms