Boulder, CO-based Janus Cycle Group announced that it has sold all company assets to Phil Joseph, a former executive officer of Prologis and Spirit Realty.
Joseph purchased a 100 percent ownership stake in the assets which includes the Merlin Metalworks, Dean Titanium, Knight Composites, Ionic Bikes, and Rossin Bikes brands.
Company headquarters will stay in Boulder, CO. All current employees, including Dean bikes founder and master builder John Siegrist, will remain with the company to ensure continuity of operations and a seamless transition.
“I am excited about this incredible opportunity to own a pioneering titanium bike brand in Merlin Metalworks, an internationally known builder of hand-crafted titanium frames that started in 1986,” said Joseph. “I’m also looking forward to helping John and the customer-focused Janus team build out and grow their premier brands as we embark on our exciting growth trajectory with customers, racing, dealer, and distributor partners worldwide.”
“With the purchase of Merlin and Knight, Janus has experienced tremendous growth over the past three years. I look forward to working with Phil and the Janus team on the next chapter of our growth,” said Siegrist.
Joseph previously served as CFO at Spirit Realty from 2015 to 2018. He also served as global treasurer for Prologis during his 13- year career with the company.
Photo courtesy Janus Cycle Group