Transaction supplies Kore with enhanced platform to assist innovation and continued development because the acknowledged international chief in paintball merchandise
MONTREAL, Aug. 26, 2022 /PRNewswire/ — Kore Outdoor (“Kore” or the “Company“), the world’s premier producer and provider of high-quality paintball merchandise, as we speak introduced that Ironbridge Equity Partners (“Ironbridge“) of Toronto, Ontario along with administration, have acquired a controlling curiosity within the Company from Fulcrum Capital Partners.
Based in Montreal, Quebec, Kore is the main producer and distributor of paintballs and paintball-related merchandise globally. Through its manufacturing services in Montreal and Fort Wayne, Indiana, and a community of distribution facilities throughout North America and Europe, the Company affords its complete portfolio of merchandise to sport fields, specialty retailers, e-commerce and mass retailers in over 70 nations.
“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,” stated Billy Ceranski, 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.”
Backed by Ironbridge, Kore plans to execute a method that features ongoing product innovation, strengthened relationships with clients, and a continued dedication to selling the expansion of the paintball business.
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.”
“Kore is the worldwide leader in paintball, with a broad portfolio of well-known and innovative brands,” stated Peter Dowse, Managing Partner at Ironbridge. “We are excited to support the Company’s management team as they promote the continued growth of the industry.”
Following this transaction, Kore will proceed to supply a portfolio of diversified manufacturers in North America and Europe, which incorporates G.I. Sportz, Empire, Tippman, Spyder, JT and VForce. Collectively, these manufacturers comprise the world’s best-selling and most complete suite of paintball merchandise.
Kore Outdoor Inc. manufactures and distributes paintballs, markers and associated equipment. Kore serves a worldwide buyer base of paintball fields and shops. Kore is acknowledged as a worldwide chief within the manufacturing of high-quality paintball merchandise that are marketed to people in any respect ranges of play, from entry degree to aggressive play market segments.
Ironbridge is a Canadian non-public fairness agency whose technique is to make fairness and equity-linked investments in high-quality, mid-market, Canadian non-public firms. Target industries embody shopper and business services, manufacturing, and distribution. The working background of the principals allows Ironbridge to be a high-value associate to administration groups as they search to enhance and develop their companies. Ironbridge’s property below administration are over $700 million, together with its fourth non-public fairness fund, Ironbridge Equity Partners IV, LP, a totally dedicated $383 million fund raised in November 2021.
Billy Ceranski, CEO, Kore Outdoor, (954) 834-6244, www.koreoutdoor.com
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