Hoffmann Family of Companies to acquire a majority stake in Pittsburgh Penguins from Fenway Sports Group.

Hoffmann Family of Companies, a multi-vertical, family-owned private equity firm, agreed to acquire a majority stake in Pittsburgh Penguins, a professional ice hockey team, from Fenway Sports Group, a global sports, media, entertainment, and real estate company. Financial terms are not disclosed. "Our goal is to support Kyle Dubas with everything he needs to bring the Penguins back to the pinnacle of the NHL. We look forward to working alongside the exceptional leadership team already in place, strengthening our connection with Penguins fans, and ensuring the franchise remains a source of pride for the city for generations to come," Geoff Hoffmann, Hoffmann Family of Companies CEO.