Crewe Capital advises PV3 Investments in the Acquisition of ENVE Composites
Summary
Both headquartered in Utah, ENVE was a natural fit for PV3, whose owners are passionate about cycling and want to support its continued growth. Founded in 2007, ENVE is one of the few U.S. cycling brands to have all-American manufacturing and is dedicated to building high-tech biking performance products in-house, such as wheels, components, and bicycles. “We are thankful to Amer Sports for its support over the past eight years that has enabled us to grow as a parts supplier to some of the world’s leading cyclists.” Since 2016, ENVE has been operating out of its 80,000-square-foot headquarters in Ogden, Utah, which includes its engineering, R&D, manufacturing, sales, marketing, customer service, and finance teams, all of which provide employment opportunities for the local community. “It’s been rewarding to collaborate with a national brand like ENVE that’s based in our backyard, and we know that the company is in good hands with PV3,” said Mike Bennett, Managing Partner of Crewe Capital. Located in Ogden, Utah, ENVE Composites is a manufacturer of handmade carbon fiber bicycle frames, rims, and components.