04-18-2024, 11:08 AM
|
|
Meh
|
|
Join Date: Jan 2018
Location: This is a no biking trail, California
Posts: 2,613
|
|
Quote:
Originally Posted by 72gmc
This is what happens when the people making decisions are not the people who built the business.
|
This is correct, from 2022:
https://www.bicycleretailer.com/indu...-outdoor-group
Kona Bicycles has been acquired by Kent Outdoors, a Ohio-based company that was known until Wednesday as Kent Water Sports. Kent Outdoors owns several outdoor sports and watersport brands, including the Arbor snowboard brand. Kent Outdoors is no relation to Kent International, the New Jersey-based mass market bicycle brand.
...
A year ago, Seawall Capital, LLC acquired Kent Water Sports. At the time, Kent Water Sports' portfolio included more than 15 brands, including HO/Hyperlite, Connelly, O’Brien, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Arbor Snowboards (managed by agreement with the Arbor Collective).
Private equity strikes again.
|