PITTSBURGH \u2014 The NHL has cleared the Pittsburgh Penguins\u2019 prospective buyer.<\/p>\n
U.S.-based Hoffmann Family of Companies<\/a> announced on Tuesday that it had received unanimous approval from the NHL Board of Governors to acquire the team.<\/p>\n In a release, HF Companies said the transaction is expected to close \u201cimminently.\u201d Financial terms were not disclosed.<\/p>\n PREVIOUS COVERAGE >>> Hoffmann Family enters definitive agreement to acquire Pittsburgh Penguins from Fenway Sports Group<\/a><\/p>\n \u201cThis is a defining moment for our family,\u201d said Geoff Hoffmann, CEO of HF Companies\u2019 private equity arm. \u201cThe Penguins represent everything Hoffmann Family of Companies stands for \u2014 community, excellence and long-term thinking. We look forward to building on the team\u2019s success by providing support and resources to both Kyle Dubas and the hockey operations team, as well as the established leadership group on the business side. We\u2019re proud to represent this storied franchise and are eager to become an active, invested part of the Pittsburgh community.\u201d<\/p>\n George Hoffmann will serve as the team\u2019s governor, alongside alternate governors Greg Hoffmann, CEO of the HF Companies\u2019 real estate arm; Kyle Dubas, Penguins general manager and president of hockey operations; and David Hoffmann, founder and chairman of HF Companies.<\/p>\n HF Companies would take ownership from Fenway Sports Group, which purchased the Penguins in 2021 for $900 million from Ron Burkle and Lemieux.<\/p>\n Founded in 1989, HF Companies owns Viking Plastics, headquartered in Meadville, and DHR Global, an executive search firm headquartered in Chicago with offices in Pittsburgh and Philadelphia.<\/p>\n The firm also owns five-time Kelly Cup champions the Florida Everblades of the ECHL. The Everblades are an affiliate of the St. Louis Blues.<\/p>\n Download the FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n Follow Channel 11 News on Facebook<\/a> and Twitter<\/a>. | Watch WPXI NOW<\/a><\/p>\n TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n \u00a92026 Cox Media Group<\/p>\n