April 12, 2013

Maverik Founder Gagliardi Parts Ways with Company

from staff reports

NEW YORK — John Gagliardi, founder of Maverik Lacrosse, today announced that he would be amicably parting with Bauer Performance Sports in June to focus his day-to-day efforts on a new business venture to be announced in July. The two parties will continue to partner together on lacrosse related events including Gagliardi's award-winning No Limits Lacrosse Camps.

"My acquisition agreement is over and it is time to hand the torch to the new guys," said Gagliardi. "Sam Freider at Kohlberg has been wonderful to work with and I learned a great deal from him. I have some unbelievable memories, the first shipment of Wonderboys and packing boxes on Super Bowl Sunday as a team. I was lucky to do all of this with some of my best friends. Maverik was my first baby and it is a little sad walking away, but, it is in good hands now."

Kohlberg Sports Group Inc., an affiliate of Kohlberg & Company, L.L.C., acquired Maverik in June of 2010. Kohlberg & Company also owns Bauer Hockey, the world's leading manufacturer of ice hockey equipment.

In April, Bauer announced it had entered into an agreement to acquire substantially all of the assets of Combat Sports, a Canadian-based leading designer of composite baseball and softball bats, hockey sticks and lacrosse shafts.

In a press release announcing that agreement, Bauer said it planned "to explore and combine relevant composite technologies where applicable to strengthen its overall hockey stick and lacrosse offerings under the Bauer and Maverik brands."

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