Deal Details

ENVE Is Acquired by PV3

Consumer

ENVE, a subsidiary of Amer Sports, sale to PV3

Summary

Amer Sports, Inc. (“Amer Sports”) (NYSE: AS), parent company to ENVE Composites (“ENVE”), has agreed to divest ENVE to PV3 Investments (“PV3”). Closing is expected to take place in the next few weeks and the parties have agreed not to disclose the transaction details.

Baird served as the exclusive financial advisor to Amer Sports on this transaction.

About

ENVE 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 80,000 square feet facility in Ogden, Utah. ENVE is headquartered in Ogden, Utah.

Amer Sports is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Atomic and Peak Performance. Amer Sports’ brands are known for their detailed craftsmanship, unwavering authenticity, premium market positioning and compelling market share in their categories. Amer Sports prides themselves on cutting-edge innovation, technical performance and ground-breaking designs that allow athletes and everyday consumers to perform better. Through partnerships with industry influencers and elite athletes and in collaboration with various communities they serve, Amer Sports develops next-generation products that define winning moments in sports. Amer Sports’ brands are creators of exceptional apparel, footwear, equipment, protective gear and accessories that they believe give their consumers the confidence and comfort to excel. Amer Sports is headquartered in Helsinki, Finland.

PV3 is the family holding company of Mark Hancock, an experienced and successful entrepreneur and cycling enthusiast. PV3 is headquartered in Salt Lake City, Utah.