Mergers, Acquisitions & Investments

LEXINGTON, Ky. (BRAIN) — Private equity firm MiddleGround Capital announced Tuesday that it acquired HLC. Terms of the deal were not disclosed.

TACHERTING, Germany (BRAIN) — PIERER Industrie AG has acquired a majority stake in the component brand Syntace and its bike brand, Liteville.
AMSTERDAM (BRAIN) — Pon.Bike, owner of Cannondale, Cervelo, Santa Cruz, Gazelle and other brands, has announced plans to buy the Dutch e-bike brand Veloretti. Veloretti was founded 10 years ago and sells bikes consumer direct in Europe.
The bike industry is changing fast. But so is the rate of change itself.

PONTIAC, Mich. (BRAIN) — Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle.

BLACKSBURG, Va. (BRAIN) — East Coasters Bike Shops co-owner Wesley Best was unusually busy Tuesday, but it had little to do with running the two stores that he and Chris Betz have operated since 2005.

DENKENDORF, Germany (BRAIN) — Canada's Bombardier Recreational Products has taken a majority share in Pinion GmbH, the German maker of gearbox drivetrains for bikes and e-bikes.
BRP is the owner of Ski-Doo and Sea-Doo, among other brands, including Rotax and Great Wall Motor Austria powertrain systems.

KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced Friday that two investment groups have taken "strategic equity investments" totaling $30 million in the Germany-based company.

ANOKA, Minn. (BRAIN) — Vista Outdoor has agreed to acquire Simms Fishing Products, a Montana-based sports fishing gear brand.

MILAN (BRAIN) — Investment holding company Italmobiliare is acquiring the cycling and motorcycling footwear company Sidi Sport for 66 million euros ($66.8 million).
COLORADO SPRINGS, Colo. (BRAIN) — Borealis Fat Bikes acquired Terrene Tires from Krueger Outdoor Inc.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. will acquire Fox Racing for $540 million with the potential for an additional $50 million earnout based on the lifestyle gear brand's financial performance.