FGL Sports completes acquisition of Pro Hockey Life for US$85 million

We represented Pro Hockey Life, the world’s largest hockey-centric retailer, in the context of its sale to FGL Sports, the largest sporting goods retailer in Canada and a division of the Canadian Tire Corporation. This acquisition, an $85 million transaction, allowed FGL Sports to purchase 23 outlets in five provinces across Canada, representing annual revenues of approximately $95 million. Pro Hockey Life will continue to operate under the FGL Sports banner, joining such other brand names as Sport Chek and Sports Experts. This acquisition will bolster FGL Sports’ capacity to provide Canadians with an unparalleled selection of hockey equipment, knowledgeable staff and excellent customer experience. The deal will also provide FGL Sports with the ability to serve a broader cross section of hockey players of varying ages and skill levels. The Fasken Martineau team that advised Pro Hockey Life consisted of Denis Chaurette, Michel Boislard, Gilles Carli, Leslie Milton, Julie Elmlinger and Marie-Eve Clavet.