Established in 1929, the full name of the company that runs the representative team is KalPa Hockey Oy. The majority of the company is owned by NHL players Sami Kapanen and Kimmo Timonen. Kapanen is the majority owner, controlling 50.5% of the franchise. Timonen owns 8%, while Timonen's Philadelphia Flyers teammate Scott Hartnell owns 5%.
During the 2004–05 NHL lockout Timonen, Kapanen, and fellow NHL player Adam Hall were playing for KalPa. After winning the Mestis championship, KalPa was returned to the SM-liiga for the 05–06 season, after being relegated 6 years earlier in 1999.
KalPa has won two medals: Silver in 1990–91 season and bronze in 2008–09 season.