STOCKHOLM (BRAIN) — Swedish skiing and cycling helmet and apparel company POC has been acquired by Investcorp Group, an investment management firm, for $65 million from its parent, outdoor equipment company Black Diamond.
STOCKHOLM (BRAIN) — Thule Group has agreed to sell its snow chain business to Schneketten AG – an Austrian company in the snow chain industry, for 10 million euros ($11.2 million) in cash and up to another 10 million euros based on sales in the coming seasons.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has completed the sale of CamelBak Products to Vista Outdoor Inc. for $412.5 million plus an additional $14.1 million of estimated cash and working capital adjustments.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has agreed to sell CamelBak Products LLC to Vista Outdoor Inc. for about $412.5 million.
IRVINE, Calif. (BRAIN) — D6 Sports, Inc., the parent company of Hang Ten (a bike and surf/skate brand) and Airwalk (a skate and bike shoe brand), has been sold to PTX Performance Products USA LLC.
ALMERE, the Netherlands (BRAIN) — Pon Holdings, a Dutch conglomerate that owns several bike brands including Cervélo, Focus and Gazelle, has purchased California-based Santa Cruz Bicycles.
SANTA CLARA, Calif. (BRAIN) — Intel Corp. has acquired Recon Instruments, the maker of the Recon Jet smart sport sunglass.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings, the owner of Camelbak, has agreed to buy Fresh Hemp Foods Ltd., a Winnipeg, Manitoba, company that markets hemp-based foods under the Manitoba Harvest brand.
BOULDER, Colo. (BRAIN) — Active Interest Media, publisher of Backpacker, SKI, Skiing, Climbing and a host of other outdoor consumer magazines, has acquired the Outdoor Guide, a direct mail service, from Catalyst Communication. The terms of the sale weren’t disclosed.
HELSINKI (BRAIN) — Amer Sports has agreed to Sports Tracker, a company that offers mobile apps that track sporting activities. Like Amer, Sports Tracker is based in Finland.
TORONTO (BRAIN) — Onex Corporation — the parent company of Interbike and Bicycle Retailer — has agreed to sell the Tropicana Las Vegas resort to Penn National Gaming for approximately $360 million. Onex, a private equity firm, is a part owner of the resort and casino.
HELSINKI (BRAIN) — Mavic sales in the first quarter of 2015 were about flat compared with last year, the brand's parent company, Amer Sports Corp., announced Thursday.
HELSINKI (BRAIN) — Amer Sports, the owner of Mavic and several other outdoor sports brands, has added to its ball sports division with the purchase of the Louisville Slugger brand.
CHANHASSEN, Minn. (BRAIN) — Life Time Fitness, Inc. has agreed to be purchased by the private equity firms Leonard Green & Partners and TPG in a deal valued at more than $4 billion. Other key investors include LNK Partners and Bahram Akradi, Life Time's chairman, president and CEO.
PHILADELPHIA (BRAIN) — Advanced Sports International has bought Phat Cycles, the California-based beach cruiser brand. The purchase also includes the Sterling bicycles brand.
WACO, Tex. (BRAIN) – Texas Endurance Sports, which operates five Bicycle World and BW Multi-Sport Pro Shop retail locations throughout the state, has completed a merger with Austin multisport retailer Jack Murray, owner of Jack & Adam’s Bicycles.
BREMBATE, Italy (BRAIN) — Cervélo co-founder Gerard Vroomen has teamed with René Wiertz — the current president and CEO of 3T — to buy the component company.
CARLSBAD, Calif. (BRAIN) — Zoot Sports, an endurance footwear and apparel brand, recently completed its previously announced acquisition of Squadra, a designer and manufacturer of custom cycling and triathlon apparel.
SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin Ltd. has acquired iKubu (Pty) Ltd., a South African company that has developed a rear-facing radar system for bicyclists. iKubu introduced its Backtracker device at the Eurobike show last summer.