Mergers & Acquisitions
SEATTLE, WA (BRAIN) — A newly formed investment group has purchased carbon wheel manufacturer Mad Fiber, the first of several bike industry acquisitions it's eyeing in 2013.
VICENZA, Italy (BRAIN) — Bianchi is buying Italian parts and accessories distributor Alpen By Verza Srl, the company announced Thursday. Alpen By Verza has been operating for more than 30 years.
CLOPPENBURG, Germany (BRAIN) — Pon Holding’s German subsidiary is now the sole owner of Derby Cycle and has moved to de-list the company from the Frankfurt Stock Exchange.
SAN MATEO, CA (BRAIN) — Foxconn, the company best known for manufacturing iPhones in enormous factories in China, has invested $200 million in action camera company GoPro.
CHEYENNE, WY (BRAIN) — Outdoor gear close-out retailer Sierra Trading Post has been sold to The TJX Companies Inc. for $200 million, the companies announced Friday.
NORCROSS, GA (BRAIN) — Lake Rudd Capital Partners has completed an agreement to purchase Blue Competition Cycles from its founders, Michael and Jay Skop, the companies announced Tuesday.
NEW YORK, NY (BRAIN) — New York-based NewBay Media LLC has bought the U.K.'s Intent Media Limited, the parent company of BikeBiz and other trade publications and events.
SAN DIEGO, CA (BRAIN) — Competitor Group Inc. confirmed Monday that it has been sold to Calera Capital, as reported by several news sources including BRAIN last week.
SAN DIEGO, CA (BRAIN) — Falconhead Capital, the owner of Competitor Group Inc., has sold the company to another venture capital group, Calera Capital Partners according to reports.
PHILADELPHIA, PA (BRAIN) — Versa Capital Management LLC has purchased New Hampshire-based Eastern Mountain Sports, a 69-store retail chain.
VANCOUVER, British Columbia (BRAIN) — LTP Sports Group Inc., the new distribution arm of Norco Bicycles, has taken over ownership of Norco dealer John Henry Bikes, a fixture on Vancouver’s North Shore for 20 years, following the retirements of owners John Henry and Willie Cromack.
ALMERE, the Netherlands (BRAIN) — Pon Holdings continues its buying spree with the addition of Union Bicycles to its fast-growing Pon Bicycle Group division.
SAN DIEGO, CA (BRAIN) — Emilio De Soto has recently bought back shares in the privately held De Soto Clothing, Inc. from one of last remaining original shareholders, giving the company's founder full control of the brand.
The last original shareholder was triathlete Dan Neyenhuis.
BETHEL, CT (BRAIN) — Easton Cycling is licensing carbon spoke intellectual property from Topolino for some new products to be introduced next year, the companies announced Tuesday. Topolino is ending sales of its bike wheels to focus on its wheelchair wheels.
MARIN, CA (BRAIN) — Rob Reedy of Echos Communications has purchased Dirty Dog MTB, maker of aftermarket laser-etched mountain bike brake rotors, stems and cable guides, and rebranded the company Moment Industries.
CLOPPENBURG, Germany (BRAIN) — Pon Holding on Tuesday said it would pay the last shareholders of Derby Cycle 31.56 euros per share to buy out the remaining 5 percent interest in the company.
OGDEN, UT (BRAIN) — Scott USA and Garmont USA will merge U.S. distribution operations, the companies announced this week.
LAS VEGAS, NV(BRAIN) — Showers Pass co-president Ed Dalton has sold his interest in the Portland-based cycling apparel maker to business partner and co-president Kyle Ranson, the company announced Tuesday.
MENDHAM, N.J. (BRAIN) — The owner of Van Dessel, a small bike brand best known on the East Coast for it cyclocross bikes, is looking for an investing partner or a buyer.
LAVAL, Quebec (BRAIN) — A significant announcement relative to Guru Bicycles’ future will come at next week’s Interbike show, and several sources close to the company expect the news to be about a new owner for the Canadian custom frame and fit system manufacturer.