HLC, founded in Lévis 75 years ago, is a group of smart, innovative adventurers who supply the cycling industry with brands and solid business solutions to make life better for riders. Formerly known as Cycles Lambert, HLC distributes over 170 of the best brands out there, such as SRAM, Shimano and Garmin, as well as exclusive brands Evo, Megasoft and Wheel Shop. It also provides North American customers with an unparalleled post-sales service.

MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management. MiddleGround makes control equity investments in lower middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. For more information, please visit: www.middlegroundcapital.com.

https://middlegroundcapital.com/

MiddleGround Capital

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired HLC, Inc. (“HLC”), a leading distributor of bicycle parts and accessories. HLC’s President, Pat McGinnis, will continue to oversee day-to-day operations and its distribution centers across North America.

Middleground Capital Announces Acquisition Of Hlc

Middleground Capital Announces Acquisition Of Hlc

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