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Titus Sold to Local Investment Firm

Published March 9, 2008

TEMPE, AZ (BRAIN)—GAI Cycles of Phoenix has acquired 100 percent ownership in Titus Cycles from Vyatek Sports.

Founded in 1991, Titus Cycles—based out of Tempe—builds both mountain and road bikes. Titus designs and builds both stock and custom frames by applying aluminum, carbon fiber,
titanium and other materials to the licenses it holds for numerous frame technologies.

Vyatek Sports, a licensing technology company, acquired Titus in 2001.

Vyatek president Howard Lindsay said, “Titus is a great brand and I’m confident that with new energy and additional resources it will continue on the incredible growth journey that we started seven years ago. Titus will also continue to be a very important customer to Vyatek, and we are looking forward to continuing our relationship with the company and the management team.”

Pat Hus, chief executive officer of Titus added, “Vyatek has helped us grow our business to an amazing level. With GAI Cycles, we intend to take the company to the next level of the high-end bike market. We’ve grown leaps and bounds over the last three years and in order to continue on this growth curve, we needed to add resources and capital to the company. The fit between GAI and Titus is ideal. The GAI members are cycling enthusiasts who have vast knowledge of how to grow private businesses. With more capital and new marketing and business development resources, Titus is uniquely positioned to grow its market share significantly in the high-end.”

For more commentary on this deal from Pat Hus, be sure to read the April 1 of Bicycle Retailer and Industry News.

Topics associated with this article: Mergers/Acquisitions

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