ITech is a leading hockey equipment supplier based in Montreal, Quebec. Its facial shields, helmets and goalie masks are recognized as the premier choice among NHL and other players worldwide. The company gained its leadership position through innovation and achieved significant, profitable growth by levering its dominant niche product positions to offer a full-line of hockey equipment.
NewPoint was retained as an exclusive financial advisor by ITech’s founder and institutional shareholder to sell the business. NewPoint worked previously with the company raising growth financing and advising the Company’s board and shareholders on various strategic alternatives. NewPoint managed the auction process, generated significant credible interest from the limited numbers of strategic parties approached and negotiated the transaction.
NewPoint completed the sale to Mission Hockey, a strategic US purchaser. The purchaser benefited by combining its strength in skates, sticks, gloves and pants with ITech’s 20 years of experience and leadership position in the complimentary product categories. The sale proceeds exceeded the expectations of the company’s founder, Robin Burns, and its Canadian private equity partner, Ontario Teachers Pension Plan.