Janus Cycle Group - parent of Merlin and Dean - sold to former real estate executive

Janus Cycle Group - parent of Merlin and Dean - sold to former real estate executive

BOULDER, Colo. (BRAIN) — Titanium bike and component manufacturer Janus Cycle Group announced Thursday it sold all company assets to Phil Joseph, a former real estate executive. Joseph, an avid cyclist, purchased 100% ownership stake in the assets, which include Merlin Metalworks, Dean Titanium, Knight Composites, Ionic Bikes, and Rossin Bikes. Headquarters will remain in Boulder, and all current employees — including Dean founder and master builder John Siegrist — will remain to ensure continuity of operations during the transition. Financial terms were not disclosed, and the sale is effective immediately. “I am excited about this incredible opportunity to own a pioneering titanium bike brand in Merlin Metalworks, an internationally known builder of hand-crafted titanium frames that started in 1986,” Joseph said. “I'm also looking forward to helping John and the customer-focused Janus team build out and grow their premier brands as we embark on our exciting growth trajectory with customer, racing, dealer and distributor partners worldwide.” Joseph previously served as chief financial officer at Spirit Realty from 2015-2018. He also served as global treasurer for Prologis, a real estate …
More on: www.bicycleretailer.com