Sinyard: Merida's Ownership Stake in Specialized Was Reduced to Roughly One-Third
Mike Sinyard · Specialized Bicycle Components: Mike Sinyard · Jul 29, 2024 · at 47:10
Mike Sinyard, founder of Specialized Bicycle Components, details Merida Bikes' 2001 investment and their reduced minority equity stake over time.
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“We took that investment from Merida at that time, and they were a good, trusted partner as far as a manufacturer, and they made that investment in us, and, you know, since that time we bought down that investment, and so now they're a minority, more like a third, and they've been very good, very trusting of us, and we've delivered on that trust Them as a minority investor, but yeah, that was a pivotal moment.”
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