Propel Equity Partners Acquires Fundex Games
Propel Equity Partners, a private equity firm, has acquired Fundex Games Ltd. The assets of Fundex Games will be incorporated under the Ideal and Poof brands of Poof-Slinky, Inc., which also manages Ideal and Scientific Explorer among others. Poof-Slinky, Inc., was acquired by Propel Equity Partners in July 2012.
“Fundex Games has a wide array of board, card, outdoor, and dice games, as well as toys, that fit perfectly under our existing brands,” says Michael Cornell, partner, Propel Equity Partners. “This acquisition is a good next step in keeping with our strategy of acquiring leading innovative companies and bringing them under the Poof-Slinky brand umbrella.”
Hedstrom Acquires Regent Sports Corp.
Hedstrom announced at the end of 2012 that it had acquired the assets of the sporting goods and game company Regent Sports Corporation.
“I am extremely enthusiastic about the acquisition of Regent Sports. This acquisition allows us to become a major player in the sporting goods channel by expanding our product offering through items that feature exciting, well-established brands with great consumer awareness,” said Jim Braeunig, president & CEO of Ball, Bounce, and Sport, Inc., dba as Hedstrom.
Regent comes to Hedstrom with an extensive array of products. As a leading manufacturer of baseball, basketball, billiards, darts, dartboards, outdoor games, soccer, table games, and tailgate items.