Pelican Intl Inc. Acquires Assets of Pelican International Inc. and Confluence Outdoor Inc. | PR Newswire [Video]

Renewed stability and a bold vision for long-term growth for the paddlesport market leader with U.S. and Canadian manufacturing operations.

, /PRNewswire/ – Pelican Intl Inc., a newly formed entity, proudly announces the successful acquisition of the assets, excluding GSI Outdoors, of Pelican International Inc. and Confluence Outdoor Inc. through a court-approved Sale and Investment Solicitation Process (SISP) under the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 in the United States. This transaction was led by former Pelican President and CEO, Danick Lavoie, along with former executives Frederic Guay and Guy Prenevost. A diverse and experienced group of private investors, represented by Vincent Chiara, President and founder of Mach Capital, Marc Varadi, President of RIMAP Hospitality, Luc Sabbatini, Founder of Ganesh Capital, and Charles Malo, Board member and investor has partnered with management to set Pelican Intl’s path for growth, resilience, and success. Today marks a pivotal moment …