Mergers, Acquisitions & Investments
Recumbent manufacturer WizWheelz acquires Coyne Publishing, producer of the Recumbent Cycle-Con show
GRAND RAPIDS, Mich. (BRAIN) — WizWheelz, the parent company of TerraTrike and GreenSpeed, has acquired Coyne Publishing, LLC. Coyne is the producer of the Recumbent Cycle-Con show, which bills itself as North America’s largest gathering of the recumbent cycling industry.
BREMBATE, Italy (BRAIN) — Tire insert supplier Deaneasy will integrate into the Vittoria Group and begin production here to develop accessories quicker with research into sustainable materials and processes being a focus.
LONDON (BRAIN) — E-mobility insurance company Laka has secured funding from Porsche Ventures, bringing its Series A investment to $13.5 million.
CHICAGO (BRAIN) — One of the largest snack companies in the world announced an agreement to acquire Clif Bar & Company for $2.9 billion. The acquisition by Mondelēz International — which owns brands such as Oreo, Cadbury, and Trident gum — will expand its business to more than $1 billion.
FITCHBURG, Wis. (BRAIN) — Milwaukee’s Wheel & Sprocket will have two locations in the Madison area with the acquisition of Fitchburg Cycles from its long-time owner Edwin Benet.
LINCOLN, Neb. (BRAIN) — Trek Bicycle has acquired The Bike Race, a two-store chain in Lincoln and Omaha.
HEERENVEEN, Netherlands (BRAIN) — A consortium planning to acquire Accell Group and take it private has said it will move forward with the offer despite not reaching a threshold of 80% of shares committed to the buyout.
STUTTGART (BRAIN) — Porsche announced on Wednesday that it acquired the remaining 80% of shares in German e-bike drive system Fazua GmbH.
WESTPORT, Conn. (BRAIN) — Compass Diversified, which owns BOA and Lizard Skins, has agreed to buy PrimaLoft, a Latham, N.Y.-based textile company. PrimaLoft makes synthetic insulation primarily used in sports apparel.
MILAN (BRAIN) — Asobi Ventures, an Austin, Texas, group that acquired a majority share in Gruppo Srl in 2021, has acquired the remaining shares. Gruppo Srl is the parent of Cinelli and Columbus.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. will separate its shooting sports and ammunition brands from outdoor sports brands — including Bell, Giro, Blackburn, CamelBak and QuietKat — by splitting into two distinct publicly-traded companies.
SHERBROOKE, Quebec (BRAIN) — Paul Mckenzie, the longtime owner of the Arkel bike bag brand, has sold the company to Marc Desrosiers, a former product developer at Bombardier Recreational Products.
SAN FRANCISCO (BRAIN) — Lyft announced Tuesday an agreement to acquire global bikeshare equipment and technology supplier PBSC Urban Solutions. The transaction is expected to close in the second quarter of this year.
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