SALT LAKE CITY — Crew Capital (Crew), one of the nation’s leading boutique investment banks, is partnering with private investment firm PV3 Investments in acquiring U.S. bicycle manufacturer ENVE Composites (ENVE) from parent company Amer Sports. (PV3) was exclusively taught. (NYSE:AS).
ENVE, both headquartered in Utah, was a natural fit for PV3 as the owners are passionate about cycling and want to support its continued growth. Founded in 2007, ENVE is one of the few American cycling brands that manufactures in the United States and is dedicated to building high-tech bicycle performance products such as wheels, components, and bicycles in-house.
“ENVE has a unique position in the market and PV3 is confident in our mission and working with like-minded buyers to take the company to the next level,” said Mike Stimola, CEO of ENVE. I think this is a great opportunity to raise the bar.” “We are grateful to Amer Sports for their support over the past eight years, which has enabled us to grow as a parts supplier to some of the world’s best cyclists.”
ENVE has operated out of an 80,000 square foot headquarters in Ogden, Utah since 2016. The headquarters includes engineering, research and development, manufacturing, sales, marketing, customer service and finance teams, all of which provide employment opportunities for local residents. community.
“As a Utah native and cyclist, I believe in ENVE and am confident in the direction management is taking the company. We are committed to maintaining that legacy, continuing that tradition and providing the support necessary for continued growth,” said Mark Hancock, principal at PV3.
“It is rewarding to collaborate with a national brand like ENVE based in our backyard, and we know the company has a great relationship with PV3,” said Crewe Capital Money said Mike Bennett, partner of the company. “Under new ownership, ENVE will continue to be at the heart of Utah’s business community while building and growing its storied, world-class heritage.”
About Crew Capital
Crewe Capital is an independent investment banking, securities and M&A firm that advises companies through their most significant capital transactions. Investment banking and M&A activities are conducted through Crewe Capital, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission (www.sec.gov) and a member of the Securities Investor Protection Corporation (www.sipc.org). provided. Member of the Financial Industry Regulatory Authority (www.finra.org).
About Envy
ENVE Composites, located in Ogden, Utah, is a manufacturer of handmade carbon fiber bicycle frames, rims, and components. ENVE partners with the world’s best athletes and combines the best composite technology with feedback from real-world athletes to provide our customers with the ultimate in performance, durability and quality. ENVE designs and manufactures 100% of his rims and custom road bikes at his facility in Ogden, Utah, USA.
contact:
Hayley Rosa
Gregory of Crew Capital FCA
[email protected]
610-228-2805
