Mergers, Acquisitions & Investments
DULUTH, Ga. (BRAIN) — Fox Factory announced Wednesday morning that it had completed its acquisition of Marucci Sports, a baseball/softwall equipment brand that also owns the Lizard Skins and Oury grip and handlebar tape brands.
WESTPORT, Conn. (BRAIN) — Fox Factory is striking out in a new direction with the acquisition of Marucci Sports, a baseball and softball equipment brand.
BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.
PITTSBURGH (BRAIN) — Dick's Sporting Goods will close 11 Moosejaw locations, including the outdoor speciality retailer's headquarters in Madison Heights, Michigan, according to the Detroit Free Press.
SCHLITTERS, Austria (BRAIN) — Lithium-ion battery manufacturer The BMZ Group acquired e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.
AMSTERDAM (BRAIN) — Pon Holdings and Volkswagen Financial Services will collaborate to expand e-bike leasing for employees and commercial customers in the U.S. and Europe.
STOCKHOLM (BRAIN) — MIPS will acquire 25% of sensor technology company Quintessential Design Inc. (Quin) for $7.3 million.
AMSTERDAM (BRAIN) — Pon.Bike has added Italian road and track shoe brand Nimbl to its growing portfolio. Terms of the sale were not disclosed.
LONDON (BRAIN) — British e-mobility company Lavoie has acquired VanMoof and intends to stabilize, grow, and develop the Dutch e-bike brand that declared bankruptcy in July.
Acquisition terms were not announced.
NEW YORK (BRAIN) — E-mobility rental and sales company micromobility.com submitted a non-binding bid to acquire e-bike brand VanMoof, which was declared bankrupt by the court of Amsterdam on July 17.
VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter.
PARK CITY, Utah (BRAIN) — Bloomberg is reporting that TSG Consumer Partners is weighing the possible sale of Backcountry.com and its related e-commerce sites, which include CompetitiveCyclist.com.
ATLANTA (BRAIN) — Wahoo Fitness says its financial woes are in the past after a recapitalization eliminated debt that had crippled it after the pandemic boom in indoor exercise products. Three private equity groups helped founder Chip Hawkins pay off a public debt owed to a bank consortium; it also put capital on Wahoo's balance sheet to enable growth.
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