Mergers & Acquisitions
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.
AMSTERDAM (BRAIN) — Reed Business BV, owner of Bike Europe, plans to sell off the European trade magazine along with 16 other business-to-business magazines and brands to Dutch publishing house B+B Vakmedianet.
BURNABY, British Columbia (BRAIN) — Fox Factory Holding Corp., the parent of the Fox suspension brand, has purchased Race Face Performance and Easton Cycling, the companies announced Friday.
DURHAM, N.C. (BRAIN) — Implus Corp., known for its athletic products including Sof Sole, Yaktrax and Sneaker Balls, has acquired Trigger Point Performance.
Trigger Point makes a line of self-care products for athletes, including Grid foam rollers. A purchase price was not released.
LÉVIS, Quebec (BRAIN) — Hawley-Lambert, parent company of U.S. distributor Hawley USA and Canadian distributor Lambert, has signed a letter of intent to acquire Simcoe Bicycles, a city bike manufacturer based in Toronto.
HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. has acquired Spanish parts and accessories supplier Comet S.L. Comet has exclusive distribution agreements with various major brands and sells bike parts and accessories to specialty retailers in Spain, France and Portugal.
LONDON (BRAIN) — Future plc, which in May sold off its cycling magazines and websites, including CyclingNews.com and BikeRadar.com, announced Friday that it is selling its last remaining endurance sports title, Triathlon Plus magazine.
SEATTLE (BRAIN) — K2 Sports has entered into an agreement to acquire custom cycling and triathlon apparel brand Squadra. The purchase complements K2 Sports’ growing portfolio of endurance sports brands, including Zoot Sports.
LA CAÑADA, Calif. (BRAIN) — The owner of Eastern Mountain Sports and Bob's Stores has agreed to buy the California-based retail chain Sport Chalet, creating one of the largest sporting goods retailers in the U.S., with more than 150 stores and $800 million in total sales last year. EMS and Sport Chalet each sells bikes and bike accessories at some of their locations.
LONDON (BRAIN) — Future plc has agreed to sell its Sport and Craft titles, including its cycling magazines and cycling websites, to Immediate Media Company for £24 million ($40.1 million), the company announced early Thursday.
SCOTTS VALLEY, Calif. (BRAIN) — Most retailers are unfamiliar with the Southern California company C-Preme, but its patent-pending technology that integrates a video camera inside a helmet could add some zest to future helmet sales. That’s the strategic thinking behind BRG Sports’ acquisition Tuesday of the 4-year-old helmet company, Terry Lee, chairman and CEO of BRG Sports, told BRAIN in an interview late Tuesday.
CHATTANOOGA, Tenn. (BRAIN) — American Bicycle Group has bought Tri-Cycle Bicycle Rentals, which rents bikes at multisport events in the Northeast.
SCOTTS VALLEY, Calif. (BRAIN) — Chris Tutton, the new owner of the Easton cycling business, says that under his ownership the brand will get back to its roots as a scrappy, entrepreneurial business.