{"id":11282,"date":"2022-08-26T15:00:00","date_gmt":"2022-08-26T15:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3855523_AE55523_0"},"modified":"2022-08-26T15:00:00","modified_gmt":"2022-08-26T15:00:00","slug":"kore-outdoor-announces-completion-of-sale-to-ironbridge-equity-partners-and-management","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=11282","title":{"rendered":"KORE OUTDOOR ANNOUNCES COMPLETION OF SALE TO IRONBRIDGE EQUITY PARTNERS AND MANAGEMENT"},"content":{"rendered":"
\n

Transaction provides Kore with enhanced platform to support innovation and continued growth as the recognized global leader in paintball products<\/b><\/p>\n

MONTREAL<\/span>, Aug. 26, 2022<\/span> \/PRNewswire\/ — Kore Outdoor (“Kore<\/b>” or the “Company<\/b>“), the world’s premier manufacturer and supplier of high-quality paintball products, today announced that Ironbridge Equity Partners (“Ironbridge<\/b>“) of Toronto, Ontario<\/span> together with management, have acquired a controlling interest in the Company from Fulcrum Capital Partners.<\/p>\n

\"Kore<\/a>
Kore Outdoor Inc. (CNW Group\/Kore Outdoor Inc.)<\/span> <\/div>\n

Based in Montreal, Quebec<\/span>, Kore is the leading manufacturer and distributor of paintballs and paintball-related products globally. Through its manufacturing facilities in Montreal<\/span> and Fort Wayne, Indiana<\/span>, and a network of distribution centers across North America<\/span> and Europe<\/span>, the Company offers its comprehensive portfolio of products to game fields, specialty retailers, e-commerce and mass retailers in over 70 countries.<\/p>\n

“We are excited about this strategic partnership with Ironbridge and the enhanced platform it will provide us as we continue to execute on our growth vision,” said Billy Ceranski<\/span>, CEO of Kore. “Ironbridge has a long history of providing the investment necessary to fund long-term growth and innovation for its investee companies. Ironbridge’s commitment to the Kore team and vision will be an integral part of our success going forward.”  <\/p>\n

Backed by Ironbridge, Kore plans to execute a strategy that includes ongoing product innovation, strengthened relationships with customers, and a continued commitment to promoting the growth of the paintball industry.<\/p>\n

Mr. Ceranski added, “We have seen a strong resurgence in new players entering into the sport of paintball following the challenges of 2020-21. We look forward to continuing to play a leadership role and helping to provide a great recreational outlet for the passionate supporters of our sport around the world.”<\/p>\n

“Kore is the worldwide leader in paintball, with a broad portfolio of well-known and innovative brands,” said Peter Dowse<\/span>, Managing Partner at Ironbridge. “We are excited to support the Company’s management team as they promote the continued growth of the industry.”<\/p>\n

Following this transaction, Kore will continue to offer a portfolio of diversified brands in North America<\/span> and Europe<\/span>, which includes G.I. Sportz, Empire, Tippman, Spyder, JT and VForce. Collectively, these brands comprise the world’s best-selling and most comprehensive suite of paintball products.<\/p>\n

About Kore Outdoor<\/b><\/p>\n

Kore Outdoor Inc. manufactures and distributes paintballs, markers and related accessories. Kore serves a worldwide customer base of paintball fields and stores. Kore is recognized as a global leader in the manufacturing of high-quality paintball products which are marketed to individuals at all levels of play, from entry level to competitive play market segments.<\/p>\n

About Ironbridge<\/b><\/p>\n

Ironbridge is a Canadian private equity firm whose strategy is to make equity and equity-linked investments in high-quality, mid-market, Canadian private companies. Target industries include consumer and business products and services, manufacturing, and distribution. The operating background of the principals enables Ironbridge to be a high-value partner to management teams as they seek to improve and grow their businesses. Ironbridge’s assets under management are over $700 million<\/span>, including its fourth private equity fund, Ironbridge Equity Partners IV, LP, a fully committed $383 million<\/span> fund raised in November 2021<\/span>.<\/p>\n

Billy Ceranski, CEO, Kore Outdoor, (954) 834-6244, www.koreoutdoor.com<\/p>\n<\/p><\/div>\n

Source: Kore Outdoor Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

Transaction provides Kore with enhanced platform to support innovation and continued growth as the recognized global leader in paintball products MONTREAL, Aug. 26, 2022 \/PRNewswire\/ — Kore Outdoor (“Kore” or the “Company“), the world’s premier manufacturer and supplier of high-quality paintball products, today announced that Ironbridge Equity Partners (“Ironbridge“) of Toronto, Ontario together with management, […]<\/p>\n","protected":false},"author":8,"featured_media":11283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-11282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nKORE OUTDOOR ANNOUNCES COMPLETION OF SALE TO IRONBRIDGE EQUITY PARTNERS AND MANAGEMENT - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=11282\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KORE OUTDOOR ANNOUNCES COMPLETION OF SALE TO IRONBRIDGE EQUITY PARTNERS AND MANAGEMENT - 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