Mergers, Acquisitions & Investments
CONCORD, N.H. (BRAIN) — Following its purchase by Trek Bicycle, New Hampshire's Goodale's Bike Shops will retain the 100-year-old name, former owner Brad Hill has told the local newspaper.
BRAIN spoke with Life Time's Kimo Seymour about the acquisition announced Tuesday.
NASHUA, N.H. (BRAIN) — Industry sources tell BRAIN that Brad Hill, owner of the three-store New Hampshire chain Goodale's, is about to sell the business to Trek Bicycles. Hill told BRAIN Thursday that he would have no comment.
MONTRÉAL (BRAIN) — Race Inc., a brand that dates to the early days of BMX, has a new owner who plans to return it to prominence in the sport.
BREMBATE, Italy (BRAIN) — The owners of Vittoria Group, including founder and president Rudie Campagne, have sold the tire maker to Wise Equity, an Italian group.
BRAIN spoke with Life Time's Kimo Seymour about the acquisition announced Tuesday.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, which owns media titles including VeloNews, Triathlete and Bicycle Retailer & Industry News, has acquired three divisions of Active Interest Media.
SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin Ltd. has acquired Firstbeat Analytics Oy, a privately-held provider of physiological analytics and metrics for consumer devices in the health, wellness, fitness and performance markets.
CHAVANOD, France (BRAIN) — Groupe Rossignol has announced the sale of the TIME bike and pedal business to WhaTTfornow, a four-year-old e-bike brand.
MILAN (BRAIN) — Chimera Investments LLC, an investment fund based in Abu Dhabi, United Arab Emirates, has acquired a majority of the shares in Colnago, the Italian road bike brand.
MIAMI (BRAIN) — Florida-based distributor JBI, parent of the distributor J&B, has acquired Pure Cycles, an omnichannel bike brand.
NEW YORK (BRAIN) — Advance, the owner of Condé Nast and other media properties, has entered a definitive stock purchase agreement with Wanda Sports Group Company Limited to buy The Ironman Group.
BREMBATE, Italy (BRAIN) — Nearly four years after acquiring it, 3T Cycling is selling the THM Carbones component brand to Schmolke Carbon, another German carbon component maker.
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