Titan hire Ernst and Young
The Acadie-Bathurst Titan announces the hiring of prestigious firm, Ernst & Young to help the organization in its ownership search. Ernst & Young’s Strategy and Transactions department and its Montreal and Edmonton offices will represent the Titan in its search for a new owner or at least a new majority shareholder with the objective of keeping the team in northern New Brunswick. Quebec Maritimes Junior Hockey League Commissioner, Mario Cecchini is aware of and supports this process.
“There could be no better home for a Quebec Maritimes Junior Hockey League team, than northern New Brunswick. Between the fans, business community, and our wonderful partners and sponsors, the K.C. Irving Regional Centre deserves to be the anchor of our regional team. That being said, new strategies and investments are required to make it a success,” said Titan President, Serge Theriault.
The time has come to help bring in a new owner or majority shareholder who will have the energy and financial capacity to continue what started when the team moved here in 1998, and what the local ownership group has continued since 2013.
Throughout Acadie-Bathurst’s successful history along the Bay of Chaleur, it has won two President Cup trophies (1999 and 2018) and won the Memorial Cup in 2018 as the smallest market team in the Canadian Hockey League. However, none of that would have been possible without the deeply rooted and unwavering support of our fans over the years, as well as our sponsors and partners.
The future is bright for the Titan. Acadie-Bathurst, along with General Manager and Head Coach Gordie Dwyer and his team, have made several lucrative trades recently. These trades ensure our team is competitive in the years to come and lay the foundation to showcase our talent once again at the league or national level. Fans in the region deserve this, and the Titan is going to do everything to continue to develop that.
During this process, the current group of owners has the firm intention of continuing to see to the smooth running of the team while respecting the players, employees, fans, business partners, and sponsors. These sponsors, the business community in northern New Brunswick and even in the Gaspé region of Quebec, have always supported us and we are grateful. Sponsors and fans will be important in helping us demonstrate to a potential buyer or majority investor the Acadie-Bathurst Titan has the community support it takes to have a QMJHL team in northern New Brunswick.
Lastly, the Acadie-Bathurst Titan would like to take the opportunity today to publicly thank Commissioner Cecchini. Under his leadership, last month Cecchini changed the name of the Quebec Major Junior Hockey League to the Quebec Maritimes Junior Hockey League. The name change officially recognizes the contribution of Maritime-based teams within the league. This is but one of the legacies Cecchini will positively have within the league.
“The Titan has been well established in Bathurst since 1998. The people of Bathurst love their team and want to keep it, which is also what the QMJHL wants. So we, the current owners and the league, are going to work very hard to find new investors who want to keep the team in place,” said Cecchini.
All media inquiries can be directed to Titan Communications Coordinator, Bryannah James at [email protected].
GO TITAN GO!