TORONTO, April 7, 2025 /CNW/ – Athletica Sport Systems Inc. (“Athletica”) and Reichmann Segal Capital Partners (“Reichmann Segal”), a Toronto-based private equity firm, are pleased to announce the acquisition of OES Inc. (“OES”) from Ardenton Capital Corporation (“Ardenton”). OES is an industry leader in LED video scoreboards, electronic manufacturing services (“EMS”), and custom technology solutions. The company’s scoring and timing software is used by professional sports leagues including the NHL, NBA and NFL, among others.
With the acquisition of OES, Reichmann Segal augments its investment in the sports infrastructure arena and makes a platform investment in electronic manufacturing services and custom technologies, together with OES CEO Jeff Stewart, who will remain as CEO of OES.
“On behalf of OES Inc., I am thrilled to be joining forces with Reichmann Segal and Athletica. This is an exciting milestone in our company's journey. With the integration of these businesses and, specifically, Athletica's state-of-the-art products, combined with OES' advanced design of electronic solutions, we have the opportunity to really move the needle and set new standards, not only in the sports facility industry, but in our EMS and Technology divisions, as well. With the partnership and support of Reichmann Segal, this is more than just an expansion, this is a powerful platform to fuel long-term growth and value for our customers and our valued employees.”
Jeff StewartCEO OES Inc.
“OES is a spectacular company with an exceptional senior leadership team. The scoreboard business is what drew us in, but the team Jeff has assembled and their technical expertise is truly what makes OES special. We are excited with this new platform and we plan to invest heavily in growth in the EMS and technology space. With LED video scoreboards added to Athletica's portfolio, as well as access to brilliant and creative software and hardware engineering minds, we will bring the access, services and brand recognition of Athletica to bear as we continue to drive exponential growth in sport. The games we touch will be transformed for players and spectators alike”
Charles ReichmannCo-Founder & Managing Partner Reichmann Segal
“Charles and I are incredibly excited about our investment in OES and in partnering with Jeff and the entire team. Together with Athletica, OES builds on our leadership position in the sports infrastructure market. We expect significant cross-collaboration between the two franchises, each the choice of the pros. Further, we see tremendous promise and growth potential with our entry into the EMS and custom technology markets. The future is bright.”
Jarrad SegalCo-Founder & Managing Partner Reichmann Segal
The Scoreboards business will compliment Athletica, Reichmann Segal’s first platform which they acquired in May of 2024.
“We are pleased to welcome Jeff and the OES team to our business, adding scoreboards and LED display technologies to our product portfolio. With the OES culture of innovation and engineering talent, coupled with Athletica's elite product development and safety though innovation brand promise, we are eager to explore new products and technologies to deliver outstanding user experiences for players, athletes, facility owners and operators, spectators, and fans alike.”
Andrew McRaeCEO Athletica Sport Systems Inc.
National Bank of Canada provided the leverage financing for the transaction. The terms of the transaction were not disclosed. Cozen O’Connor LLP acted as legal counsel to Reichmann Segal and Athletica. Segal GCSE provided transaction services.
SOURCE Reichmann Segal Capital Partners
For additional information, please contact Lily Cartwright at media@reichmannsegal.com
About Athletica
Athletica, a leader in arena services is a designer, manufacturer, and installer of dasher board systems for hockey arenas and multi-sport athletic facilities, serving the professional, semi-pro and community end-markets. Headquartered in Waterloo, Ontario, the company also has offices in Minneapolis, Minnesota and Vancouver, British Columbia. Athletica is the Preferred Rink Equipment Supplier to the National Hockey League (NHL), American Hockey League (AHL), USA Hockey, and USHL.
To learn more, click HERE
About OES Inc.
OES is a total Electronics Manufacturing (EMS) solutions provider that offers a full range of in-house services including PCB assembly, Prototyping and NPI, and electronic engineering services. Comprised of three divisions: OES Manufacturing – Electronic manufacturing services; OES Scoreboards – LED Video & Scoreboards; and OES Technologies., their engineering and technical expertise shines across the most diverse and exciting industries. From transportation, defense and technologies, to healthcare, sports and entertainment.
To learn more, click HERE
About Reichmann Segal Capital Partners
Reichmann Segal Capital Partners is a private equity firm founded by Charles Reichmann and Jarrad Segal, together with the Reichmann family, a highly respected name in Canadian Business. With a legacy spanning over several decades, the Reichmann Family has been at the forefront of delivering superior returns to its partners through a combination of prudent investment strategies and a focus on creating long-term value.
To learn more, please visit the Reichmann Segal Capital Partners’ website.
