Well, that didn’t take long. It’s more proof that a business has found its niche and is addressing a need in the marketplace.
Elshair Companies has acquired the TPC (The Pro’s Closet) brand and its intellectual property, marking the beginning of a new chapter for the “world’s largest and most trusted marketplace for pre-owned bikes,” according to a media release from a company that signaled its end just a month ago.
“With a core team of former employees—including JP Gage as chief operating officer and Justin England as chief revenue officer—joining forces with us, we’re eager to revive TPC’s legacy and build upon its strong foundation in the cycling community, Elshair wrote in its note to the market.
“Over the past 17 years, TPC became an integral part of the domestic bike market, serving as a trusted partner for sellers and buyers nationwide,” said England, a veteran TPC employee. “With the support of our new owners, we aim to relaunch TPC and elevate the valuable services upon which the brand was built.”
Effective today, November 4, 2024, the company’s website is up and running and ready to sell bikes, frames and wheels. In a note on the site, the company said it would be “a bit before it is back open for selling, but the doors are open for sellers.”
Elshair said the acquisition brings “fresh infrastructure, dedicated staffing, and a commitment to sustainable growth, all focused on enhancing the TPC brand.”
“Under the leadership of Elshair Companies, a private investment firm with over 20 years of e-commerce expertise, we are devoted to upholding TPC’s reputation as a trusted hub for cyclists worldwide,” the company wrote. “Elshair Companies brings a wealth of experience in founding, acquiring, and expanding businesses, driven by passion, innovation, and strategic investments in e-commerce ventures.”
Image courtesy The Pro’s Closet
