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Paintball Empire Enters Canadian Receivership, U.S. Bankruptcy

Excerpt of: Paintball Empire Enters Canadian Receivership, U.S. Bankruptcy | Financial Post

"(Bloomberg) — G.I. Sportz Inc. and affiliate Tippmann Sports, the paintball equipment makers, filed for bankruptcy in the U.S. after a Canadian court placed the companies in receivership.

A judge in Quebec on Thursday handed broad control of the outfit’s finances to boutique consulting firm KSV Advisory, bankruptcy court papers show. Canadian documents filed last year identify G.I. Sportz as the largest global manufacturer and distributor of paintball-related products. It’s majority owned by private equity firm Fulcrum Capital Partners."