Livingstone, an investment banking firm, recently announced the recapitalization of its client, Genuine Scooters, LLC by Chicago Associates, Inc., a private investment company. Terms of the deal were not disclosed.
Phil McCaleb, Genuine Scooters founder and CEO, said, “Livingstone understood the brand value of Genuine Scooters. They positioned us to secure the equity we needed to continue to grow and compete with the big guys and had our backs at every turn.”
“Genuine Scooters is a great company with an extremely bright future,” said Livingstone director Joe Greenwood. “Despite the challenging market conditions of the past several years, the Genuine management team has done a tremendous job positioning the company at the forefront of the American scooter market.”
For more information about Genuine Scooters, visit www.genuinescooters.com.