Times are apparently very good for the hockey equipment industry, so good that soon hockey fans with an entrepreneurial spirit will once again be able to purchase a piece of the world’s biggest and oldest equipment manufacturer.
Bauer Hockey has filed a preliminary prospectus with the Ontario Securities Commission to have its stocks publicly traded with the Toronto Stock Exchange.
The move signals a significant turnaround for the company, which controls about 50 percent of the global hockey equipment market. In 1995, Nike purchased the company for $415 million and took it private.
Bauer Hockey was bought from Nike for $200 million cash by Kohlberg & Co., and Graeme Roustan in 2008. Roustan, who was recently ranked No. 41 on THN’s 100 People of Power and Influence, has come close to purchasing the Montreal Canadiens and Tampa Bay Lightning in the past and is thought to be an NHL owner-in-waiting.
It’s uncertain how much the shares will be worth or how much capital will be raised, but it’s expected that it will begin publicly trading by the end of February.