Mergers, Acquisitions & Investments
SEATTLE (BRAIN) — Rad Power Bikes announced Thursday it received a minority investment of $150 million from several companies.
LAKEVILLE, Mass. (BRAIN) — Spark Bike Run Sports, a 10-year-old multi-sport retailer south of Boston, has announced on its website that the store has been purchased by Trek Bicycle.
SAN DIEGO (BRAIN) - Trek has agreed to buy at least a dozen of Mike Olson's bike shops, including the six Trek Bicycle Superstore locations in the San Diego area and in Albuquerque, New Mexico, one Nytro Multisport store in Encinitas, California, and the six-store Bike Gallery chain in the Portland area.
MONTRÉAL (BRAIN) — Dorel Industries, which had planned a special shareholder meeting for Jan. 12 to vote on accepting an offer to go private, has now delayed that meeting until Feb. 16.
NEW YORK (BRAIN) — Peloton has agreed to acquire Precor, one of the largest global commercial fitness equipment providers, in a transaction valued at $420 million.
AUSTIN, Texas (BRAIN) — This time last year, Hill Abell was contemplating some big changes at his five Austin stores. Drastic changes.
FLOWER MOUND, Texas (BRAIN) — This year's bike boom left many retailers with empty shelves, bulging bank accounts, and greatly reduced debt. It also left many exhausted. More than a few have decided this was the perfect time to get out of the retail grind, one way or another.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Thursday that it has acquired the BikeFit brand, which sells bike fitting tools, education services and apps.
MONTRÉAL (BRAIN) — After acquiring Race Inc. in July and then securing a long-term licensing agreement to bring the Jeff Bottema fork back to the market, American BMX Company is at it again.
MONTRÉAL (BRAIN) — Dorel Industries has agreed to a buy-out offer from a group backed by Cerberus Capital led by a family group that includes CEO Martin Schwartz and other current Dorel executives.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has acquired FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners, triathletes, and cyclists across 3,000 events in 50+ countries.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media — the owner of BRAIN, VeloNews, Triathlete, VeloPress, VeloSwap, and Rol Massif in the cycling world — is expanding its portfolio to acquire Rock and Ice, Trail Runner, and Gym Climber magazines, all formerly produced by Big Stone Publishing.
DENVER (BRAIN) — Compass Diversified announced Tuesday that it will acquire BOA Technology Inc., creators of the BOA Fit System for shoes and other products.
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