Pelican International completed the acquisition of a majority stake in GSI Outdoors.

Pelican International, a firm engaged in paddle sports, completed the acquisition of a majority stake in GSI Outdoors, a provider of outdoor equipment. Financial terms were not disclosed. "The acquisition of GSI Outdoors, our third since 2019, allows us to pursue our ambition to be an eco-friendly leader in the outdoor equipment sector by investing in a portfolio of renowned brands that respond to the growing desire of the population to connect more with nature. While our last acquisitions consolidated our leading position in the paddle sports, fishing boats and nautical accessories sector, the integration of GSI Outdoors into our fold allows us to diversify our activities and makes a remarkable entry into a sector that has shown sustained growth for several years which is expected to be maintained for the years to come," Danick Lavoie, Pelican President and CEO.