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Crewe Capital advised PV3 Investments in acquiring ENVE Composites, a US cycling manufacturer, from Amer Sports. ENVE, known for its all-American manufacturing of high-tech biking products, will continue its operations in Utah under PV3's ownership. The acquisition reflects PV3's commitment to supporting ENVE's growth and maintaining its position in the market.
Crewe Capital ha consigliato PV3 Investments nell'acquisizione di ENVE Composites, un produttore americano di ciclismo, da Amer Sports. ENVE, noto per la sua produzione completamente americana di prodotti tecnologici per il ciclismo, continuerà le sue operazioni nello Utah sotto la proprietà di PV3. L'acquisizione riflette l'impegno di PV3 a supportare la crescita di ENVE e a mantenere la sua posizione nel mercato.
Crewe Capital asesoró a PV3 Investments en la adquisición de ENVE Composites, un fabricante estadounidense de ciclismo, de Amer Sports. ENVE, conocido por su manufactura totalmente americana de productos de ciclismo de alta tecnología, continuará sus operaciones en Utah bajo la propiedad de PV3. La adquisición refleja el compromiso de PV3 con el apoyo al crecimiento de ENVE y con mantener su posición en el mercado.
Crewe Capital은 PV3 Investments가 Amer Sports로부터 미국 자전거 제조업체인 ENVE Composites를 인수하는 것을 조언했습니다. ENVE는 고급 자전거 제품의 전미 제조로 잘 알려져 있으며, PV3의 소유 하에서 유타에서 계속 운영될 것입니다. 이번 인수는 PV3가 ENVE의 성장을 지원하고 시장에서의 입지를 유지하려는 의지를 반영합니다.
Crewe Capital a conseillé PV3 Investments dans l'acquisition de ENVE Composites, un fabricant américain de cyclisme, auprès de Amer Sports. ENVE, connu pour sa fabrication entièrement américaine de produits de cyclisme de haute technologie, continuera ses opérations dans l'Utah sous la propriété de PV3. L'acquisition reflète l'engagement de PV3 à soutenir la croissance de ENVE et à maintenir sa position sur le marché.
Crewe Capital beriet PV3 Investments bei der Übernahme von ENVE Composites, einem US-amerikanischen Fahrradhersteller, von Amer Sports. ENVE, bekannt für seine vollständig amerikanische Herstellung von Hightech-Fahrradprodukten, wird seine Betriebe in Utah unter der Leitung von PV3 fortsetzen. Die Übernahme spiegelt das Engagement von PV3 wider, das Wachstum von ENVE zu unterstützen und seine Marktposition zu halten.
Positive
PV3 Investments acquiring ENVE Composites is a strategic move that reflects PV3's dedication to supporting the growth of the US cycling manufacturer.
ENVE Composites, known for its high-tech biking performance products and all-American manufacturing, is a valuable addition to PV3's portfolio.
The acquisition will provide ENVE with the necessary support for continued growth and development under PV3's ownership.
Negative
Details of the transaction between PV3 Investments and Amer Sports have not been disclosed, which may raise questions about the financial terms and implications of the deal.
SALT LAKE CITY--(BUSINESS WIRE)--
Crewe Capital (Crewe), one of the nation’s leading boutique investment banks, exclusively guided private investment firm PV3 Investments (PV3) in its purchase of ENVE Composites (ENVE), a U.S. cycling manufacturer, from its parent company Amer Sports (NYSE: AS).
Both headquartered in Utah, ENVE was a natural fit for PV3, whose owners are passionate about cycling and want to support its continued growth. Founded in 2007, ENVE is one of the few U.S. cycling brands to have all-American manufacturing and is dedicated to building high-tech biking performance products in-house, such as wheels, components, and bicycles.
“ENVE is uniquely positioned in the market, and we see PV3 as an excellent opportunity to take the company to the next level with a like-minded buyer who has confidence in our mission,” said ENVE’s CEO, Mike Stimola. “We are thankful to Amer Sports for its support over the past eight years that has enabled us to grow as a parts supplier to some of the world’s leading cyclists.”
Since 2016, ENVE has been operating out of its 80,000-square-foot headquarters in Ogden, Utah, which includes its engineering, R&D, manufacturing, sales, marketing, customer service, and finance teams, all of which provide employment opportunities for the local community.
“As a Utah native and cyclist, I believe in ENVE and have confidence in the direction the management team is taking the company. We are dedicated to maintaining ENVE’s heritage as a local manufacturer and leader in composites technology while continuing the legacy and providing the necessary support for continued growth,” said Mark Hancock, a Principal of PV3.
“It’s been rewarding to collaborate with a national brand like ENVE that’s based in our backyard, and we know that the company is in good hands with PV3,” said Mike Bennett, Managing Partner of Crewe Capital. “Under new ownership, ENVE will continue to be a staple of the Utah business community while building on and growing its storied, global legacy.”
ENVE’s brand, products, services, business relations, leadership, and employee statuses will remain unchanged following the transaction. Closing is expected to take place in the next few weeks and the parties have agreed not to disclose the transaction details.
About Crewe Capital
Crewe Capital is an independent investment banking, securities, and mergers and acquisitions firm advising companies through their most important capital transactions.
Investment banking and M&A activities are offered through Crewe Capital, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission (www.sec.gov), a member of the Securities Investor Protection Corporation (www.sipc.org), and a member of the Financial Industry Regulatory Authority (www.finra.org).
About ENVE
Located in Ogden, Utah, ENVE Composites is a manufacturer of handmade carbon fiber bicycle frames, rims, and components. Partnering with the world’s best athletes, ENVE combines the best composite technologies with real-world athlete feedback to provide our customers with the ultimate in performance, durability, and quality. ENVE designs and manufactures 100% of their rims and the Custom Road Bike in their Ogden, Utah, USA facility.
