Blue Competition Cycles Bought by Investment Firm

Blue Competition Cycles updates AC1 and Triad aero and triathlon bikes for Di2 and offers blue hawaiian floral paint scheme as stock option

BR&IN is reporting that Lake Rudd Capital Partners has completed an agreement to purchase Blue Competition Cycles from its founders, Michael and Jay Skop.

Word is LRCP will provide financial backing to improve infrastructure and management team, and fuel expansion beyond its claimed 30% annual growth over the past three years.

The company said its business has expanded in the U.S. and Europe by an average of 30 percent a year for the past three years. The agreement transfers ownership of Blue to LRCP, but they will retain most of the current employees.

LRCP is a private equity firm that invests in privately held and family owned businesses and is based in Providence, RI. Blue is based in Norcross, GA, and makes road and triathlon bikes. We covered their latest models at PressCamp earlier this year.

Comments

Brian - 12/13/12 - 9:56am

They make a carbon 26″ hardball? Is their site showing a 2005 catalog?

Topmounter - 12/13/12 - 12:25pm

Maybe Lake Rudd Capital Partners saw an opportunity to purchase Blue Competition Bicycles and incorporate 650B wheels into their underperforming mountain bike line-up?

Ridebeersleep - 12/13/12 - 1:26pm

With their majority of their market presence being in triathlon, I think they forgot they even manufactured mountain bikes. I believe they are coming out with some new models once the R&D figure out how to make the bike aero enough to get through rock gardens.

Steve - 12/13/12 - 2:44pm

They also make some nice cyclocross bikes. Ever heard of Jonathan Page? He’s kind of a big deal.

MPLSMusette - 12/13/12 - 4:43pm

I’m the Sales Manager for Omnium and we sell Blue as our high end road and full CX lineup. The Axino is a great bike, same with the high end CX.

The ‘Entry Level’ CX bike (The Norcross SP) on the other hand is pretty much the best CX bike I’ve ridden for the cost. It’s a shame Disc came and completely deflated the desire for any bike with canti studs…

Brandon - 12/13/12 - 5:29pm

Minor correction Steve, Jonathan Page USED to kind of be a big deal.

Steve - 12/13/12 - 6:01pm

@ Brandon – Feel good about that? How many national championships do you have?

HarroChan - 12/13/12 - 6:13pm

I have 4 national championships

Steve - 01/25/13 - 1:10pm

Hey Brandon, what do you think about Page now that he won another national championship?

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