Mergers, Acquisitions & Investments

LAS VEGAS, NV(BRAIN) — Showers Pass co-president Ed Dalton has sold his interest in the Portland-based cycling apparel maker to business partner and co-president Kyle Ranson, the company announced Tuesday.

LAVAL, Quebec (BRAIN) — A significant announcement relative to Guru Bicycles’ future will come at next week’s Interbike show, and several sources close to the company expect the news to be about a new owner for the Canadian custom frame and fit system manufacturer.

AUSTIN, TX (BRAIN) Wednesday June 6 2012 11:15 AM MT—Endurance event and media company Competitor Group Inc. and running retailer The Running Speciality Group are among the partners in a new $9 million investment in the fitness app company MapMyFitness.

World Triathlon Corporation, the owner of the Ironman events and trademark, has sold its two-year-old magazine to a group of investors that includes WTC executive and former Triathlete magazine owner John Duke.

BLOOMINGTON, MN (BRAIN) Thursday May 3 2012 12:18 PM MT—Steve Flagg and Mary Henrickson have acquired a majority stake in SmartEtailing, developer of websites and software for more than 1,000 U.S. specialty bike dealers.

CLOPPENBURG, Germany (BRAIN) Friday April 27 2012 3:05 PM MT—Derby Cycles’ license to sell Raleigh in parts of Europe will continue even as one of its primary competitors, Accell Group, takes over ownership of the British brand.