Ogden-based ENVE Composites, a cycling equipment manufacturer best known for its carbon wheels, has been sold to PV3 Investments, a Utah-based private investment firm. The acquisition marks the end of nearly a decade of ownership of ENVE by Helsinki, Finland- based Amer Sports. Terms of the transaction were not disclosed.
PV3 Investments is led by principal Mark Hancock, a cycling enthusiast and co-founder of healthcare services company PACS Group, which raised $450 million in an April IPO. In a press release, Hancock expressed confidence in the Please log in to see the rest of this story.
