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New Hampshire Business Review. Exeter, New Hampshire-based PSG is a leading developer and manufacturer of high performance sports equipment and apparel. It is the global leader in hockey with the strongest and most recognized brand, and a leader in North America in baseball and softball. PSG’s products are marketed under the Bauer, Mission, Maverik, Cascade, Inaria, Combat and Easton brand names and are distributed throughout the world. The company, which has experienced multiple leadership changes in recent years, is said to be conducting an internal investigation for undisclosed reasons. PSG is the subject of investigations by the SEC and Canadian authorities, and is a defendant in a consolidated class action suit in New York, according to NHBR. The plaintiffs reportedly allege that PSG pressured retailers into ordering merchandise to artificially inflate revenue and mislead investors. In June 2016, the company appointed Harlan Kent as its new chief executive and as a member of its board of directors. Kent is the former president and CEO of Yankee Candle Inc. In January 2016, PSG acquired the Easton Hockey business of Easton Hockey Holdings Inc. from New York-based private equity firm Chartwell Investments, which had previously acquired Easton in 2014 from BRG Sports, reportedly for roughly $20 million with little or no money down. Around the same time, PSG’s former chairman, Graeme Roustan, who left the company’s board in 2012, filed a lawsuit in Canada against accounting firm Grant Thornton for breach of contract and defamation in connection with a battle over the retailer’s strategy. Roustan, who as of December 2015 held a 1.39% stake in PSG, had been seeking to take PSG private during the past few years. He’s said to have recently hired investment banks Jefferies Group LLC and Canaccord Genuity to explore a possible bid for PSG, according to Reuters. PSG was owned for about a decade by U.S. sporting goods company Nike Inc. before being sold to private equity firm Kohlberg & Co in 2008. It went public on the Toronto Stock Exchange in 2011. PSG, formerly known as Nike Bauer from 2005 to 2009, and subsequently Bauer Performance Sports Ltd., changed its name to Performance Sports Group in June 2014 as it was listed on the New York Stock Exchange. Founded in Kitchener, Ontario, in 1927 as the Bauer company by the Freibauer family, owners of Western Shoe Company, PSG’s predecessor developed the first skate with a blade attached to the boot, an innovation credited with changing the game of hockey.]]>