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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
Posted December 28, 2009
BEAVERTON, OR (BRAIN)—Yakima has tied its future to a Taiwan company that—among many other items—makes water filtration products and water coolers for Whirlpool. It seems an unlikely merger, but Kemflo International also makes parts for Yakima’s racks, and has for the last nine years.

Posted in North America Tagged Mergers/Acquisitions
Posted December 28, 2009
BEAVERTON, OR (BRAIN)—Yakima, one of the industry’s best known rack companies, has “merged” its operations with a privately held Taiwan company that has been supplying it with parts for the last nine years.

Posted in North America Tagged Mergers/Acquisitions
Posted December 9, 2009
PHILADELPHIA, PA (BRAIN)—Advanced Sports has purchased the Oval Concepts brand, trademarks and tooling and has entered into a license agreement for its patented JetStream and SCCS technology.

Posted in North America Tagged Mergers/Acquisitions
Posted October 7, 2009
VAN NUYS, CA (BRAIN)—Southern California-based Bent Up Cycles, one of the country’s largest retailers of recumbent bicycles, has purchased Barcroft Cycles, the Falls Church, Virginia-based manufacturer of such recumbent bicycles as the Barcroft Dakota, the Barcroft Virginia, the Barcroft Oregon and the Barcroft Columbi
Posted in North America Tagged Mergers/Acquisitions
Posted October 5, 2009
BERKELEY, CA (BRAIN)—Backroads has acquired Boston, Massachusetts-based Bike Rider Tours—a provider of biking, walking and culinary tours highlighting the unique characteristics of some of the world’s most picturesque regions.

Posted in North America Tagged Mergers/Acquisitions
Posted August 4, 2009
BETHEL, CT (BRAIN)—Cycling Sports Group (CSG) has acquired the assets of Sydney-based Gemini Bicycles for US $2.2 million.

Posted in North America Tagged Mergers/Acquisitions
Posted July 15, 2009
MONTREAL, Quebec (BRAIN)—Dorel Industries purchase of Iron Horse Bicycle Company for $5.2 million "brings depth to our mountain bike offerings," according to Robert Baird, president of Dorel's Recreational/Leisure segment.

Dorel already owns Cannondale, GT, Mongoose and Schwinn brands.

Posted in North America Tagged Mergers/Acquisitions
Posted July 7, 2009
BOULDER, CO (BRAIN)—Gruppo Bici N.A. has acquired Italian bicycle brands Galmozzi and Lygie from Atala S.p.A. The company also plans a series of reproduction frameset classics under its Atala, Cicli Italia, Galmozzi, Lygie, Maino and Umberto Dei brands. Terms of the acquisition were not disclosed.

Posted in North America Tagged Mergers/Acquisitions
Posted June 17, 2009
HELSINKI, Finland (BRIAN)—Accell Group NV has agreed to acquire all the shares in Raul Hellberg Oy and affiliated companies (‘Hellberg’). Hellberg is active in the market for bicycles, bicycle parts and accessories and has its head offices in Helsinki, Finland.

Posted in North America Tagged Mergers/Acquisitions
Posted June 9, 2009
GOLDEN, CO (BRAIN)—Wayne Lumpkin, founder of Avid, has acquired majority interest in Spot Brand, manufacturer of mountain, cyclocross and commuter bikes and integrator and distributor of Gates Carbon Drive belt systems through CD Enterprises. Terms of the deal were not disclosed.

Posted in North America Tagged Mergers/Acquisitions
Posted May 20, 2009
BOULDER, CO (BRAIN)—Gruppo Bici N.A. has acquired Canditalia S.r.l., a Milan, Italy-based company specializing in the design of bicycle accessories. Terms of the sale were not disclosed.

Posted in North America Tagged Mergers/Acquisitions
Posted May 6, 2009
ROCHESTER, NY (BRAIN)—Terry Precision Cycling, a women's cycling company, has been acquired by former president and chief executive officer of the Vermont Teddy Bear Company, Elisabeth Robert.

Posted in North America Tagged Mergers/Acquisitions
Posted March 18, 2009
HUNTINGTON BEACH, CA (BRAIN)—Saddle maker SDG USA’s Bicycle Division has been acquired by its former general manager Tyler Anspach for an undisclosed sum.

Posted in North America Tagged Mergers/Acquisitions

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