Mergers, Acquisitions & Investments
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.
MONTRÉAL (BRAIN) — Dorel Sports has sold its Sugoi and Sombrio clothing brands to Louis Garneau Sports Inc., Dorel Industries announced Wednesday.
Dorel said it is exiting the performance apparel business to focus on bikes, parts, accessories and electric ride-ons.
LONG BEACH, Calif. (BRAIN) — Zwift, the indoor cycling and running platform, has acquired the commercial rights to manufacture and distribute footpods previously manufactured under the Milestone Sports brand.
BROOMFIELD, Colo. (BRAIN) — Vail Resorts, Inc. has agreed to purchase Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components has bought Machines for Freedom, a women's cycling clothing brand founded four years ago by Jennifer Kriske. The brands will remain separate and Specialized described the purchase as "a bold investment in women's leadership."
DENVER (BRAIN) — Several of Colorado's largest and longest standing bike events are being operated by new owners this season.
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