DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Wheat Ridge Cyclery to a Private Investor. The transaction closed April 23, 2021.
Located in Wheat Ridge, Colorado, Wheat Ridge Cyclery (WRC) is known as “Colorado’s destination bicycle shop.” Founded in 1973, WRC focuses on bicycle sales, accessory & part sales, clothing, and service. WRC targets individual consumers throughout the United States, but approximately 95% of revenue comes from the Denver Metro Area.
As one of the leading cycling shops in Colorado, WRC maintains a base of approximately 75,000 customers and over 60% of revenue comes from recurring customers. Overall, WRC’s established customer base is a strong asset that contributes to stability and presents opportunities for revenue growth under its new owner.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team lead by Senior M&A Advisor, Donald Beezley, supported by Senior Vice President, Chad Comroe successfully closed the transaction. Executive Managing Director Tom Braun established the initial relationship with WRC.
“It’s so satisfying to see a great business, particularly a marquee brand like Wheat Ridge Cyclery with a great family tradition, transfer successfully to new ownership that shares that same vision for excellence and taking the business into the future, adding to its legacy,” said Beezley.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.