Authentic Brands Group LLC, a Toronto based company, has announced the acquisition of TapouT, Silver Star Casting Co., and Hitman Fight Gear. After years of serving as each others’ competition, the three powerhouse brands are now under the same ownership.
“This sport is still in its infancy,” ABG chairman and CEO Jamie Salter stated. “We strategically chose these acquisitions as our first big move because we’re getting into the right business at the right time. We’re looking forward to working with the best brands and the best athletes in the world as we transition these two companies into global lifestyle brands with our retail and licensing partners.”
Although TapouT had many lucrative offers on the table, the ABG deal allows for Caldwell and Katz to remain involved with the company.