Stars owner Gaglardi purchases AHL Texas affiliate

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The Dallas Stars made a significant acquisition on Wednesday, buying their AHL affiliate — the Texas Stars — along with the city-owned Cedar Park Center.

More, from the club:

“My goal since taking over as owner of the Dallas Stars has been to create a culture that empowers people at all levels of our organization to strive for excellence,” said Northland President and Dallas Stars Owner Tom Gaglardi. “Part of creating and instilling that culture means that you have to have direct leadership over all aspects of the formative and developmental levels of your team. The acquisition of the Texas Stars is a crucial part of that leadership and development chain, and reaffirms our vision of becoming an elite organization, both at the NHL and AHL levels.”

“Since coming to Cedar Park, the Texas Stars have been a wonderful partner of ours in bringing world-class sports and entertainment to the area,” said Cedar Park Mayor Matt Powell. “We look forward to working closely with Northland Properties and the Dallas Stars in this outstanding partnership as we continue to fulfill the vision of Cedar Park Center and the city.”

Reports of this sale first surfaced in early August, and the completed transaction makes Dallas the 14th team to own its AHL affiliate, joining the Buffalo Sabres (Rochester Americans), Calgary Flames (Adirondack Flames), Edmonton Oilers (Oklahoma City Barons), Los Angeles Kings (Manchester Monarchs), Minnesota Wild (Iowa Wild), New Jersey Devils (Albany Devils), New York Islanders (Bridgeport Tigers), New York Rangers (Hartford Wolf Pack), Pittsburgh Penguins (Wilkes-Barre/Scranton Penguins), San Jose Sharks (Worcester Sharks), Toronto Maple Leafs (Toronto Marlies), Vancouver Canucks (Utica Comets) and Winnipeg Jets (St. John’s IceCaps).

Texas is currently in their sixth season as Dallas’s top development affiliate. The team has won two division titles, two Western Conference titles, the 2013-14 regular-season AHL championship and the 2014 Calder Cup.