Mike Shell Joins Küryakyn As National Development Manager
Küryakyn Holdings LLC. has announced the addition of industry veteran Mike Shell as National Development Manager. In this new position Shell will power the growth and organization of Küryakyn’s national brand representative force.
The Friends of Steve McQueen Show
There are countless charity events, custom bike shows and rallies crowding the calendar, but there are a couple must-see shows for us.
Shifting Gears: March 2015
Editor-at-Large Robin Hartfiel is our tabloid reporter when it comes to finding out who is on the move in the powersports industry. Robin’s many years of experience in the market and hundreds of industry contacts means he usually knows what is happening before anyone else.
Compass Expeditions Launches Beyond Siberia – Riding the Road of Bones Documentary at Cannes
In May 2014, 16 riders left London to embark on a 105 day adventure expedition to Magadan. Documentary filmmaker, Robin Newell joined us with the end result being called “Beyond Siberia – Riding the Road of Bones” and soon to become a TV mini series.
Ducati and Aruba Racing Announce Partnership
The Aruba Data Center in Arezzo today hosted the presentation of the new Aruba Racing – Ducati Superbike Team, the only official Ducati team in the 2015 Superbike World Championship. The agreement between Ducati and Aruba, Italy’s leading web hosting and cloud services company, will last three years.
MAG Announces Andrew Graves as New CEO
Motorsport Aftermarket Group (MAG) has announced the hiring of former Brunswick Boat Group President Andrew Graves as its new Chief Executive Officer. Graves will lead the next phase of integration following the 2014 merger of Tucker Rocky/Biker’s Choice and MAG, and drive the long-term strategy of the combined company. He becomes CEO of MAG effective immediately.
Altamont Capital Partners Leads Majority Recapitalization of Fox Head, Inc.
Altamont Capital Partners has announced it is leading a majority recapitalization of Fox Head, Inc., a global motocross equipment, apparel and accessory brand. The current owners of the business, the founding Fox family, will continue to own a significant minority interest in the company. The transaction is expected to close in the next 7-10 days.
Altamont Capital Partners Leads Majority Recapitalization of Fox Head, Inc.
Altamont Capital Partners has announced it is leading a majority recapitalization of Fox Head, Inc., a global motocross equipment, apparel and accessory brand. The current owners of the business, the founding Fox family, will continue to own a significant minority interest in the company. The transaction is expected to close in the next 7-10 days.
ARI Network Services Reports Record Fiscal Fourth Quarter
ARI’s fiscal fourth quarter revenues showed a 44 percent increase over the same period last year. The company also highlighted its fiscal year 2013 performance.
EnerSys Marks 125 Years in the North American Industrial Battery Business
Industrial battery manufacturer, EnerSys, celebrates its 125-year anniversary.
ARI Announces Third Quarter Financial Results
Total revenue for the quarter was $8.2 million, a 44.0 percent increase over the third quarter of fiscal year 2012. Recurring revenue for the quarter increased 60.1 percent to $7.7 million, or 93.0 percent of total revenue, from $4.8 million, or 83.7 percent of total revenue, for the same period in fiscal 2012.
ARI Network Services Announces Second Quarter Results
The company also announced that it has entered into definitive agreements with various accredited investors in a private placement of $4.8 million of common stock at a price of $1.50 per share.
ARI Acquires Ready2Ride Inc.
ARI will begin marketing these products to approximately 10,000 dealers in fiscal year 2013. Additionally, ARI plans to launch the products to the marine industry during ARI’s fiscal year 2014.
Viper Powersports Appoints Three New Board Members
Viper Powersports, Inc., recently appointed three new members to its Board of Directors – Grant Lynch, Tim Wellborn, and James Shields – effective December 30, 2011.
Hearst Corporation Sells Cycle World to Bonnier Corporation
Hearst Corporation has announced the sale of Cycle World to Bonnier Corporation, one of the largest consumer-publishing groups in the U.S. serving passionate, highly engaged audiences. The announcement was made jointly by Terry Snow, CEO of Bonnier Corporation, and David Carey, president of Hearst Magazines. Financial terms were not disclosed.
Martin Racing Jumps Into Electric Scooter Parts Business
Martin Racing, an American powersports third party logistics and parts manufacturer, recently announced that it will be entering the electric powered cycle market.