MINNETONKA, Minn. and WOODRIDGE, Ill., April 22, 2015 /PRNewswire/ -- Shock Doctor Sports and McDavid Inc. jointly announced today finalization of the transaction officially merging the two leading sports protection companies.
"This transaction reinforces our commitment to becoming the number one choice for athletes around the world who demand performance and protection," said Tony Armand, president and CEO of Shock Doctor Sports, the company that includes Shock Doctor, Cutters and XO Sports. "I have long admired McDavid through the years. Having spent a lot of time with Bob McDavid and his team over the past few months has proven why they are held in such high regard by our industry."
"Two companies were made stronger today and the beneficiary is every athlete seeking the finest athletic performance, protective and recovery gear on the market," said Bob McDavid, president and CEO of McDavid Inc. "I am excited for the role I am going to play in the next chapter of both these companies."
Financial terms were not released and both companies will continue to operate independently for the near term. Mr. Armand will be the CEO of the combined businesses with Mr. McDavid serving as Chairman of the Board. William Blair & Co. and Dechert LLP advised Shock Doctor, while Imperial Capital, LLC and Skadden, Arps, Slate, Meagher & Flom LLP advised McDavid throughout the merger.
Shock Doctor is the global leader in mouthguards, along with core protective equipment and apparel, performance sports therapy, sports insoles and performance compression and recovery -- designed to protect and enhance the performance of athletes across a wide range of sports including football, basketball, hockey, baseball, lacrosse, MMA, fitness and more. Shock Doctor Sports is a portfolio company of Bregal Partners, a private equity investment firm. Additional information about Shock Doctor is available at www.shockdoctor.com.
McDavid manufactures, designs and markets sports medicine, sports protection and performance apparel for active people and athletes. Since its founding in 1980, McDavid products have remained at the top of the recommended lists of pro athletes, sports medicine professionals and athletic trainers. From research-backed ankle braces to protective apparel with HEX™ technology, McDavid products address the broad range and specific needs of professional, collegiate and all athletes across a variety of sports. The Company is headquartered in Chicago with subsidiaries in Japan and Europe. Additional information about McDavid is available at www.mcdavidusa.com.
SOURCE Shock Doctor Sports