North American distributor HLC acquired by private equity
September 21, 2022
North American bicycle parts and accessories distributor HLC has been acquired by MiddleGround Capital, an investment specialist that tends to buy into middle market B2B industrial and specialty distribution companies.
Founded on a collaboration between the Hawley and Lambert families, HLC is one of North America’s larger distribution houses, hosting over 170 brands, most notably the likes of SRAM, Shimano, Garmin, RockShox, Abus and many more. Cycling Industry