Mergers & Acquisitions
BOCA RATON, Fla. (BRAIN) — Split Peak LLC, a private investment firm, has acquired Clean Designs, LLC, the parent company of Clean Bottle.
Clean Bottle was launched in 2010 with a guerrilla marketing campaign at that summer's Tour de France and later appeared on the ABC series "Shark Tank."
HOOD RIVER, Ore. (BRAIN) — Dakine, an outdoor sports lifestyle brand that offers bike clothes and bags, has been acquired by Marquee Brands LLC, a brand management company that owns the Bruno Magli and Body Glove brands, among others.
NEW YORK (BRAIN) — Ride share company Lyft has completed its purchase of Motivate, the country's largest bike share company. The purchase was originally announced in July.
LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.
OAKLAND, Calif. (BRAIN) — Hydration product maker HydraPak has acquired insulated bottle brand Polar Bottle.
DEARBORN, Mich. (BRAIN) — Axios is reporting, based on multiple unnamed sources, that Ford Motor Co. has agreed to buy the electric scooter startup Spin.
SALT LAKE CITY (BRAIN)—Hayes Performance Systems has bought Reynolds Cycling and said it will aggressively offer dealers three levels of carbon wheels with average aftermarket margins of 40 percent.
STEAMBOAT SPRINGS, Colo. (BRAIN) — Factory LLC, a Pennsylvania-based operating company, has made an equity investment in the sports nutritional brand Honey Stinger.
EMPORIA, Kan. (BRAIN) — Owner of the Dirty Kanza gravel race announced that the event has been purchased by Life Time, the fitness chain that also owns the Leadville 100 mountain bike race and the Chequamegon Fat Tire Festival.
HEERENVEEN, Netherlands (BRAIN) — Accell Group announced Friday that it has increased its minority stake in Velosophy to take over 100 percent ownership in the Dutch e-cargo bike company.
FARMINGTON, Utah (BRAIN) — Vista Outdoor has entered an agreement to sell off its Bollé, Cebé and Serengeti brands for $158 million to Antelope Brands Bidco Inc., an entity controlled by a private equity fund based in Europe.
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