On May 28, 2024, Reichmann Segal Capital Partners, a Toronto-based private equity firm, announced the acquisition of Athletica Sport Systems Inc., a leading manufacturer of dasher board systems and sport infrastructure. Athletica, known as the preferred rink equipment supplier for the NHL and AHL, will continue to be led by CEO Andrew McRae and his management team. The terms of the transaction were not disclosed.

Charles Reichmann, Co-Founder & Managing Partner at Reichmann Segal, expressed enthusiasm about the acquisition, highlighting Athletica's commitment to excellence and its strategic fit with Reichmann Segal's investment approach. Athletica, along with its subsidiaries Becker and Cascadia, is recognized for its innovative products that enhance player safety and reduce liability for rink operators.

Andrew McRae, CEO of Athletica, expressed excitement about the new partnership, emphasizing Reichmann Segal's history of value creation and strategic execution. Jarrad Segal, Co-Founder & Managing Partner at Reichmann Segal, praised Athletica's industry leadership and growth potential.

Athletica will maintain its current branding and management, ensuring a smooth transition for customers and employees. Reichmann Segal intends to invest in product development and expansion initiatives to bolster Athletica's market position. Legal advisors for the transaction were not disclosed.