KETCHUM, ID (BRAIN) – Royal Street Investment & Innovation Center, a Park City, Utah-based investment group, has invested $1 million in Club Ride to support the company’s continued expansion and growth.
“Club Ride is emerging as a premium brand in what we view as the next frontier of the broader marketplace of cycling,” said Jeff Stowell, RSIIC's president. “We feel like Club Ride is an outstanding fit for our portfolio and that they strongly represent the growth opportunity as well as the values and ethics we expect when we make investments of this size. We are really excited to be a part of the quickly growing Club Ride family.”
Club Ride CEO Scott Montgomery said: “We could not be more pleased to add such a strong partner to our growing company. RSIIC understands the outdoor enthusiast. They believe the cycling industry needs to expand cycling apparel beyond the status quo. I am confident that with an even stronger balance sheet, our ever-improving products and our knowledgeable staff, we will continue to build a brand that expands the cycling apparel segment as more consumers find Club Ride products enhance their riding experience.”