On April 7, 2025, Reichmann Segal Capital Partners, a Toronto-based private equity firm, acquired OES Inc. from Ardenton Capital Corporation. OES is a recognized leader in LED video scoreboards, electronic manufacturing services (EMS), and custom technology solutions, with its scoring software used by major leagues including the NHL, NBA, and NFL.

The transaction, which builds on Reichmann Segal’s May 2024 acquisition of Athletica, marks a strategic platform investment into both the sports infrastructure and EMS sectors. OES CEO Jeff Stewart retained his role and expressed enthusiasm about the integration with Athletica, highlighting opportunities for innovation and growth across sports and technology markets.

Charles Reichmann and Jarrad Segal, Co-Founders & Managing Partners of Reichmann Segal, emphasized the synergy between OES and Athletica, citing plans for cross-collaboration and substantial investment in OES’ EMS and tech capabilities. Athletica CEO Andrew McRae also welcomed the addition of OES’ scoreboard and LED display technologies to their portfolio.

National Bank of Canada provided leverage financing for the transaction. Legal counsel to Reichmann Segal and Athletica was provided by Cozen O'Connor LLP, while Segal GCSE offered transaction services. Financial terms of the deal were not disclosed.