Fairfax completed the acquisition of Peak Achievement Athletics from Sagard.

Fairfax, a financial holding company, completed the acquisition of Peak Achievement Athletics, a provider of athletic sports and hockey services, from Sagard, an alternative asset management firm. Financial terms were not disclosed. "This is a generational milestone in our company's storied history. We're deepening our heritage that began in Kitchener, Ontario, in 1927, continuing with ownership who fully understands and values hockey's connections to Canadian culture and community. For our retail customers and other partners, this is positive milestone that will enable us to continue to grow and invest together into the games that we love. I want to thank Fairfax for their continued commitment to our employees, our retailers and affiliated business partners. As much, I want to thank Sagard for their guidance and partnership over the last seven years that contributed to our strong position today," Ed Kinnaly, Peak CEO.