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Mergers/Acquisitions

Posted May 9, 2011
TORONTO, Ontario (BRAIN)—With its pending purchase of the Forzani Group, Canadian Tire Corporation will grow to more than 1,000 retail sports outlets across the country.

Posted in North America Tagged Mergers/Acquisitions
Posted May 9, 2011

VANCOUVER, Canada (BRAIN)—With coffee mugs sitting where they left them, 12 former Race Face employees are back at their old jobs under the company’s new majority owner, Chris Tutton, who purchased Race Face from its receiver, Grant Thornton, last week.

Posted in North America Tagged Mergers/Acquisitions
Posted May 9, 2011
VANCOUVER, Canada (BRAIN)—With coffee mugs sitting where they left them, 12 former Race Face employees are back at their old jobs under the company’s new majority owner, Chris Tutton, who purchased Race Face from its receiver, Grant Thornton, last week.

Posted in North America Tagged Mergers/Acquisitions
Posted May 5, 2011
CHICAGO, IL (BRAIN)—SRAM today announced that it has acquired Quarq Technology Inc., manufacturer of power meters, measurement devices and related accessories for the bike industry. Detailed integration plans with Quarq are being formulated, the company said in a release.

Posted in North America Tagged Mergers/Acquisitions
Posted April 20, 2011
HEERENVEEN, the Netherlands (BRAIN)—Accell Group N.V., via its fully owned subsidiary In2Cycling B.V., has acquired a 5.7 percent stake in the German bicycle group Derby Cycle AG.

Posted in North America Tagged Mergers/Acquisitions
Posted April 5, 2011
CHATTANOOGA, TN (BRAIN)—Kirk Pacenti of Pacenti Cycle Design sold his 12-year old company to the investment group, Top Five, also from Chattanooga, Tennessee.

Posted in North America Tagged Mergers/Acquisitions
Posted March 16, 2011
CHATTANOOGA, TN (BRAIN)—American Bicycle Group has sold its Merlin Metalworks brand to Arkansas-based online retailer Competitive Cyclist.

Posted in North America Tagged Mergers/Acquisitions
Posted December 14, 2010
BEAVERTON, OR (BRAIN)—Yakima has acquired New Zealand based rooftop car rack manufacturer Hubco.

Posted in North America Tagged Mergers/Acquisitions
Posted December 9, 2010
LAKE OSWEGO, OR (BRAIN)—D.A. Davidson & Co. has acquired Silver Steep Partners LLC, an investment banking firm specializing in the outdoor and active lifestyle industry. Silver Steep is the firm responsible for such high profile industry mergers including Oval, Kestrel and Camelbak.

Posted in North America Tagged Mergers/Acquisitions
Posted November 23, 2010
ROTHERHAM, U.K. (BRAIN)--Planet X, a U.K. based Internet bicycle retailer, purchased all of Titus’ assets from Factors Southwest late Tuesday, November 23.

Posted in North America Tagged Mergers/Acquisitions
Posted November 8, 2010
SEYMOUR, CT (BRAIN)—The Thule Group has acquired TracRac Inc., a U.S. manufacturer of transport solutions for professional use.

Posted in North America Tagged Mergers/Acquisitions
Posted September 21, 2010
SCHAFFHAUSEN, Switzerland (BRAIN)—Garmin has acquired MetriGear, the creator of a pedal-based power solution for cycling, as a new component of its growing fitness division.

Posted in North America Tagged Mergers/Acquisitions
Posted July 16, 2010
FRYEBERG, ME (BRAIN)—Longtime employee Jeff Cavicchi is now a minority owner of Downeast Bicycle Specialists, the Northeast’s oldest wholesale distributor. Doug Moore remains the majority owner, and will continue in his position as president at the company’s Fryeburg, Maine facility.

Posted in North America Tagged Mergers/Acquisitions
Posted June 6, 2010
GRAND RAPIDS, MI (BRAIN)—Industry retail veteran Patrick "P.J." McDonald has joined Michigan-based Slingshot Bicycle Company as its new majority partner.

Posted in North America Tagged Mergers/Acquisitions
Posted May 27, 2010
LEOMINSTER, MA (BRAIN)—Northern California-based The Hive, known for its cranksets and hubs, has bought E.Thirteen, which was owned by suspension guru Dave Weagle. The Massachusetts-based company is best known for its chain retention systems.

Posted in North America Tagged Mergers/Acquisitions
Posted March 11, 2010
SANTA CLARITA, CA (BRAIN)—Corsair Bikes have new owners as Mike Flaherty and Froggy Khu of Atomlab, along with Pablo Tafoya—the designer of Corsair frames—have purchased the company from original founder and industry veteran Doug Stuart.

Posted in North America Tagged Mergers/Acquisitions
Posted March 7, 2010
SANTA CRUZ, CA (BRAIN)—Santa Cruz Bicycles has purchased Swobo outright, buying out Tim Parr’s minority interest in the company.

Posted in North America Tagged Mergers/Acquisitions
Posted February 1, 2010
POZZOLEONE, Italy (BRAIN)—Selle Royal S.p.A. has signed a binding agreement to purchase a majority interest in Justek, the largest bicycle saddle manufacturer in China.

Posted in North America Tagged Mergers/Acquisitions
Posted January 24, 2010
SAN DIEGO, CA (BRAIN)—Zoic Clothing's Eric Swenson and Paul Wyandt have bought the company from Nitches, Inc. a publicly traded apparel company.

Both Swenson and Wyandt have been working at Zoic/Nitches for more than 10 years.

Posted in North America Tagged Mergers/Acquisitions
Posted January 6, 2010
HEERENVEEN, the Netherlands (BRAIN)—Accell Group N.V. has acquired Bäumker & Co, a German trading company of bikes and parts and accessories that also distributes Batavus, a brand owned by Accell.

Posted in North America Tagged Mergers/Acquisitions

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