HLC
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HLC - overview
Established
1945
Location
Levis, QC, Canada
Primary Industry
Retail
About
Founded in 1945 and based in Lévis, Canada, HLC operates as a distributor of bicycle parts and accessories, as well as cycling and running supplements and equipment across various states in North America. In September 2022, MiddleGround Capital acquired HLC from Phoenix Partners. As of January 2023, the firm services more than 5,500 retailers with 70 sales representatives and 4 regional distribution centers. The firm operates as a distributor of various accessories including baby seats, bags, baskets, bells and horns, bottom brackets, chains, car racks, forks, frame protection, handlebars, lights, locks, mirrors, lubes and cleaners, etc.
Additionally, the company sells rider’s apparel including gloves, eyewear, helmets and accessories, and other safety items from various brands such as Eclypse, Evoc, Kryptonite, Megasoft, Evo, Lumos, Muc-off, etc. The September 2022 acquisition funds will be used by HLC to expand its geographic footprint and make investments in technology and infrastructure to further serve existing customers, as well as attract new customers.
Current Investors
Phoenix Partners
Primary Industry
Retail
Sub Industries
Recreational Hobbies & Sporting Goods, Accessories, Recreational Product Stores, Logistics & Distribution
Website
www.hlc.bike
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
HLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | HLC | - | ||||||||
| Buyout | Completed | HLC | - |
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HLC - employee data
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