Mike’s Bikes, the 18-store bike retail chain based in California’s Marin County, has acquired Boulder’s Full Cycle Bikes & Colorado Multisport in an all-cash deal.
The company has not disclosed the terms of the acquisition.
“Change is never easy, but we’re genuinely excited about the opportunities it brings — new places to ride and new riders to connect with,” Mike’s Bikes wrote on the Full Cycle transition website page. “If you have any questions about the changes we’re making, we encourage you to reach out or stop by any of our stores. We’d love to see you.”
As part of the transition, the Full Cycle Café will be temporarily closed.
“We know it’s been a beloved part of the experience here, and we’re taking time to thoughtfully explore what the future of the café could look like,” Mike’s Bikes wrote in the post.
The Café and repair shop had some draw due to the shop’s proximity to Pearl Street in downtown Boulder and the Foothills Freeway, a bike-friendly access point to “The Diagonal,” which runs from Boulder to Longmont, CO, and provides access to miles of rural roads beyond.
The bike shop and the Full Cycle Café bar are closed from June 17 to June 19 and plan to reopen as Mike’s Bikes ahead of the weekend. The retailer said it would operate on a limited capacity basis on Friday.
Mike’s Bikes is owned by Pon Holdings BV, a Dutch conglomerate in the transportation sector, according to Wikipedia. It is said to be one of the five largest bike manufacturers worldwide and “owns bicycle brands Caloi, Cannondale, Cervélo, Derby Cycle (owner of Focus), GT, Gazelle, IronHorse, Kalkhoff, Mongoose, Santa Cruz, Urban Arrow (cargo bikes), Veloretti, and Schwinn, among others.”
The company was founded in 1980 by Ben Pon, Jr., a former racing car driver and the son of Ben Pon, Sr., who had become a Volkswagen importer in the Netherlands in 1947. As of 2021, the Pon family continued to own the company.
Mike’s Bikes, founded in 1964, is one of the first Schwinn shops in Marin County, California. The chain now includes 14 shops in the state and now five stores in Colorado.
BRAIN reported that the Boulder, CO store will continue to sell Giant and Pon’s Cervélo bike brands and add Pon’s Cannondale, Santa Cruz, Urban Arrow, and Gazelle bike lines. The bike publication stated that the location will no longer sell Specialized, Ibis, Priority, Moots, or Kona bikes. For more on the transition, including competing bike brands, go to: BRAIN.
Images courtesy Mike’s Bikes
