Reichmann Segal Capital Partners Expands Portfolio with OES Inc. Acquisition

On April 7, 2025, Reichmann Segal Capital Partners, a prominent private equity firm based in Toronto, announced its strategic acquisition of OES Inc., recognized as a leader in the domains of LED video scoreboards, electronic manufacturing services (EMS), and customized technology solutions. This significant development will bolster Reichmann Segal's influence within the sports infrastructure industry while simultaneously establishing a foothold in custom technologies and electronic manufacturing.

About OES Inc.

OES Inc. specializes in providing innovative scoring and timing software, utilized extensively within major professional sports leagues, including the NHL, NBA, and NFL. The firm has garnered a reputation for delivering high-quality products that enhance the sporting experience for players and fans alike. With the integration of OES into Reichmann Segal's portfolio, the company is poised for substantial growth and innovation.

Jeff Stewart, CEO of OES, expressed enthusiasm about joining forces with Reichmann Segal and Athletica, describing the collaboration as a “thrilling milestone” for OES. According to Stewart, the merger presents a remarkable opportunity to enhance the electronic manufacturing and technology sectors while advancing the company’s standing in the sports facility industry. He emphasized the combined strengths of OES’s technological design and Athletica’s renowned product offerings, suggesting a transformative potential for the sector.

Strategic Vision and Leadership

Charles Reichmann, Co-Founder and Managing Partner at Reichmann Segal, highlighted the exceptional qualities of OES, noting the prowess of its leadership and the technical expertise of its team. He remarked that while the scoreboard business is what initially attracted them, it is OES's skilled workforce that truly elevates the company. This partnership aims to drive significant investments into growth across EMS and technology platforms, enabling further advancement in user experience and engineering excellence.

Conversely, Jarrad Segal, another Co-Founder and Managing Partner, expressed optimism regarding their investment in OES and the synergies that could arise from collaboration with Athletica. He believes that the partnership will not only reinforce their position in the sports infrastructure market but will also enable new possibilities in EMS and custom technology sectors.

The transition to include OES's scoreboard operations will complement Athletica, which Reichmann Segal initially acquired in May 2024. Andrew McRae, CEO of Athletica, welcomed OES’s team into their fold, emphasizing the potential for incredible innovation and product development. The merger allows them to introduce new technologies and solutions that promise to enhance the overall experience for players, athletes, facility owners, and fans.

Financial Framework of the Acquisition

National Bank of Canada provided the leveraged financing necessary for this acquisition, though specific financial details remain undisclosed. Legal representation for Reichmann Segal and Athletica was facilitated by Cozen O'Connor LLP, while transaction services were provided by Segal GCSE.

This acquisition marks a significant chapter in both Reichmann Segal's and OES's journey, reaffirming their commitment to growth within the sports and technology landscapes. As they forge ahead, the melding of these companies stands to revolutionize the user experience at sporting venues and beyond, ultimately setting new benchmarks in both operational excellence and customer satisfaction.

Reichmann Segal's vision for integrating OES's expertise into their portfolio underscores a broader strategy of innovation, sustained growth, and unwavering commitment to their clients and employees. This acquisition not only fortifies their market position but also enhances their capability to deliver top-tier solutions in the sports infrastructure and tech realms.