TLD sold to a (different) private equity firm

Stewyeww
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Edited Date/Time 3/25/2022 3:37am
TLD Sold

Link above, I would expect to see more European riders on TLD, not sure if much will happen in to North America.
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mxfuture
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3/23/2022 8:51am
Stewyeww wrote:
TLD Sold

Link above, I would expect to see more European riders on TLD, not sure if much will happen in to North America.
Hope that doesn't change the product. I didn't "love" tld, but ended up trying their gear because other stuff just wasn't cutting it. I even switched to FLY when I bought my 21yz250 because that was all the dealer could get. I was disappointed! The knee stitching isn't padded which makes any "rubbing/contact" start to immediately destroy the stitching because it isn't below the surface.

I'm back to TLD!
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5
3/23/2022 9:14am
Other portfolio companies of 2 Ride Group:
Shark (street helmets)
Nolan (street helmets)
Bering (street apparel)
Segura (leather)
Cairn (E-bikes)
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Jesse318pnw
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3/23/2022 9:26am Edited Date/Time 3/23/2022 9:27am
Hopefully these founders like Troy Lee and Craig at WPS are getting rich after these transactions as they certainly deserve it! It kind of sounds like Troy Lee was flipped fairly quickly.

The skeptic in me says these moves are rarely if ever good for the customers or employees. The list of excellent companies going downhill after getting acquired is long both in our industry and outside of it as well.
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jeffro503
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3/23/2022 10:39am
Like Jesse posted above , I don't have a good feeling about the longevity of TLD sticking around all that long , or the quality just going to crap.

I hope Troy made a fortune , because he deserves every penny of it. He has a long history with the sport , and will be missed if he decides to step away completely.

I'm wondering what the future is going to be like for the race team , and also all the apparell line , and the quality of that line over the next few years. Man , this is bummer news.
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The Shop

Viking782
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3/23/2022 12:47pm
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be wrong but that’s what I heard.
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LungButter
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3/23/2022 1:02pm
Viking782 wrote:
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be...
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be wrong but that’s what I heard.
Have a bunch of TLD employees been laid off?
Timo
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3/23/2022 1:14pm
Viking782 wrote:
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be...
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be wrong but that’s what I heard.
LungButter wrote:
Have a bunch of TLD employees been laid off?
Generally takes a little bit before the layoffs because the selling company usually fights for contracts for all of their employees. When my HVAC franchise got bought back by the OEM, everyone had 1 year contracts. One week after they expired there was a lot of office staff and the old owners family members let go. One of his sons was terminated 6 months early, but they paid out his full contract.
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3/23/2022 1:36pm
jeffro503 wrote:
Like Jesse posted above , I don't have a good feeling about the longevity of TLD sticking around all that long , or the quality just...
Like Jesse posted above , I don't have a good feeling about the longevity of TLD sticking around all that long , or the quality just going to crap.

I hope Troy made a fortune , because he deserves every penny of it. He has a long history with the sport , and will be missed if he decides to step away completely.

I'm wondering what the future is going to be like for the race team , and also all the apparell line , and the quality of that line over the next few years. Man , this is bummer news.
I'll disagree with you and Jesse. I think it's a positive sign that TLD could shore up its moto offerings without having to lose its identity. We have two major moto companies that serve as examples of the old way and new way of founder monetization and private equity/conglomerate transfer.

Oakley did things the old way. The company started as garage-based company selling custom made moto grips out of the bed of a pickup truck. The money earned was spent on developing moto goggles and other moto accessories. As the company grew even more it started branching into non moto categories like sunglasses and ski goggles until it eventually went public, later being bought by luxotica group. The company sought growth outside of motocross and eventually lost it's identity as a moto company. Oakley still makes good goggles, but there is nothing "core" about them.

The new way is the direction that Fox went. In the early 2000s and 2010s Fox had started the same process of branching away from moto into lifestyle products and other action sports. This is when Fox "went to the mall" and lost some of its credibility among moto buyers that it has since worked to repair. When Altamont Capital bought fox in 2014 they already owned Billabong and Dakine. They took the approach of refocusing Fox on moto and mtb since they had other companies in the portfolio that could pursue surf and ski markets. In the years since fox has rebuilt some of its reputation in moto and grown in the more similar (in terms of buyers and products) space of mountain bike equipment.

I'd imagine TLD's buyer is taking an approach closer to that of Altamont. I didn't see their entire portfolio but I suspect they have a number of other sport divisions. Private Equity consolidators aren't doing the LBO gutting jobs they did in the 80s or the same type of soul sucking brand name exploitation they did in the 90s/2000s. These days they buyout multiple different brands serving various niches and focus those brands within their respective space instead of trying to put that brand name on every type of product they can. TLD should do well at this.

I'll also point out that my background is in sell-side M&A so I understand the private equity industry pretty well but the moto industry to a much smaller degree. If someone who has more experience in that realm can let me know if I'm out of touch here I'd appreciate it.
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flarider
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3/23/2022 1:44pm
Silly question, what exactly is the "Troy Lee Product?"

Casual wear? That's it and the MX gear.

Are they big outside of MX in casual wear?
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Sawfish
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3/23/2022 1:48pm Edited Date/Time 3/23/2022 1:49pm
Hope it doesn’t ruin TLD. It’s been a part of moto for me my whole life. I loved looking at the helmets as a kid, I even had a chrome stick on helmet fin, lol. That Emig helmet with the bull on it was BADASS!

Off topic, but check out the Troy Lee store if you happen to be in Laguna. It’s a fun time.
BigBoreFan58
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3/23/2022 2:08pm Edited Date/Time 3/23/2022 2:08pm
My employer was bought out by Private Equity a few years ago. I typically don't care for this. But I must say, so far so good.
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Stewyeww
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3/23/2022 2:41pm
flarider wrote:
Silly question, what exactly is the "Troy Lee Product?"

Casual wear? That's it and the MX gear.

Are they big outside of MX in casual wear?
MX and MTB, same as Fox, Thor and a few others.

bens152
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3/23/2022 3:14pm
flarider wrote:
Silly question, what exactly is the "Troy Lee Product?"

Casual wear? That's it and the MX gear.

Are they big outside of MX in casual wear?
Stewyeww wrote:
MX and MTB, same as Fox, Thor and a few others.

Yea, very big in the Mtb world. Bmx racing too.
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Magoofan
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3/23/2022 5:36pm
This is not going to end well.... Sad
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wb173
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3/23/2022 7:50pm
flarider wrote:
Silly question, what exactly is the "Troy Lee Product?"

Casual wear? That's it and the MX gear.

Are they big outside of MX in casual wear?
Silly question?....
Has your avatar ever been associated or related to TLD?
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3/23/2022 8:59pm
SBJ Investment group co-owned with Troy. As I understand it Troy still owns his portion of the company and SBJ is the portion that sold.
SBJ had been co-owners for years with Troy so I wouldn’t expect much to change since TLD had been operating in this co-owner environment for years now.
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BAD10
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3/24/2022 12:20am
Hopefully these founders like Troy Lee and Craig at WPS are getting rich after these transactions as they certainly deserve it! It kind of sounds like...
Hopefully these founders like Troy Lee and Craig at WPS are getting rich after these transactions as they certainly deserve it! It kind of sounds like Troy Lee was flipped fairly quickly.

The skeptic in me says these moves are rarely if ever good for the customers or employees. The list of excellent companies going downhill after getting acquired is long both in our industry and outside of it as well.
White Brothers. No more need to be said…
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flarider
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3/24/2022 3:58am
flarider wrote:
Silly question, what exactly is the "Troy Lee Product?"

Casual wear? That's it and the MX gear.

Are they big outside of MX in casual wear?
wb173 wrote:
Silly question?....
Has your avatar ever been associated or related to TLD?
Not that I'm aware of
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flarider
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3/24/2022 4:00am
BigDaddyG wrote:
SBJ Investment group co-owned with Troy. As I understand it Troy still owns his portion of the company and SBJ is the portion that sold. SBJ...
SBJ Investment group co-owned with Troy. As I understand it Troy still owns his portion of the company and SBJ is the portion that sold.
SBJ had been co-owners for years with Troy so I wouldn’t expect much to change since TLD had been operating in this co-owner environment for years now.
Who held the purse strings?
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c0ncEpT
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3/24/2022 6:19am Edited Date/Time 3/24/2022 6:21am
Private equity is NEVER a good thing for the consumer.

The typical process is to acquire multiple businesses to grow your portfolio(no organic growth), gut said businesses to lower operating costs, lower the quality of parts, raise prices, and then sell said businesses in 5-7 years.
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flarider
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3/24/2022 7:15am
flarider wrote:
Not that I'm aware of
[img]https://p.vitalmx.com/photos/forums/2022/03/24/539849/s1200_AD4AEBFB_12A8_4B9D_B270_8B23AE70B4EB.jpg[/img]

I had no idea.

To me, it's from the 70's and was a US Peace symbol of hippy days.

Funny
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MelonFan123
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3/24/2022 7:19am
Hopefully these founders like Troy Lee and Craig at WPS are getting rich after these transactions as they certainly deserve it! It kind of sounds like...
Hopefully these founders like Troy Lee and Craig at WPS are getting rich after these transactions as they certainly deserve it! It kind of sounds like Troy Lee was flipped fairly quickly.

The skeptic in me says these moves are rarely if ever good for the customers or employees. The list of excellent companies going downhill after getting acquired is long both in our industry and outside of it as well.
BAD10 wrote:
White Brothers. No more need to be said…
Not surprising to see that after a few years of record growth/sales (No direct knowledge, only assuming given industry trends), these two brands - WPS and TLD - sell off the company. Gotta strike while the iron is hot

the White Bros sale was also on the heels of the huge growth of the sport in the mid 00's, but I think the economic recession hurt them in addition to shitty leadership from MAG.
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GrapeApe
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3/24/2022 7:26am
The soul of the company is built around Troy's artistic vision. As long as he is still involved I don't expect much to change, other than expanding the footprint globally. When he retires the company goes poof.
Broughton859
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3/24/2022 8:16am
Nothing is going to change because of this, if anything, it will allow TLD to expand more in Europe and on the street side. As BigDaddy mentioned there was already a PE company involved and this is just a new one coming in. Luckily this one is a motorcycle-specific one and not just a bank or PE that doesn't know anything about motorcycles. If it was a bank or outside the industry PE firm then you should have worries like the Oakley example but this isn't the same.
3/24/2022 8:56am
Viking782 wrote:
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be...
Reminds me of when Oakley got bought by Luxottica, then soon after I think a bunch of long time employees got laid off. I could be wrong but that’s what I heard.
Sucks to hear that. Casey Currie recently took over the fam (Currie Enterprises) business and laid off all the long time employees as well.
Including alot of family friends of Ray Currie as well. Thought that was weak.
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TeamGreen
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3/24/2022 10:28am
flarider wrote:
Not that I'm aware of
[img]https://p.vitalmx.com/photos/forums/2022/03/24/539849/s1200_AD4AEBFB_12A8_4B9D_B270_8B23AE70B4EB.jpg[/img]

flarider wrote:
I had no idea.

To me, it's from the 70's and was a US Peace symbol of hippy days.

Funny
I've still got a helmet and a coupl'a sets of gear (for Baja) that run The TLD "Peace and Wheelies" color-way. I call it my Captain America "Peace" Moto-Gear.

Dave, I've been wondering when this would come to a point of discussion...it took longer than I'd expected. Grinning

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3/24/2022 10:40am
I really hope Troy sticks around the brand. I love TLD's vision and they just feel unique, unlike Thor, FLY, or others. Troy has its own personality and style, and that's badass.





#goanal




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Magoofan
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3/24/2022 12:12pm
GrapeApe wrote:
The soul of the company is built around Troy's artistic vision. As long as he is still involved I don't expect much to change, other than...
The soul of the company is built around Troy's artistic vision. As long as he is still involved I don't expect much to change, other than expanding the footprint globally. When he retires the company goes poof.
Wally Amos just took his shirt off...



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KirkChandler
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3/24/2022 2:46pm
Sucks to hear that. Casey Currie recently took over the fam (Currie Enterprises) business and laid off all the long time employees as well. Including alot...
Sucks to hear that. Casey Currie recently took over the fam (Currie Enterprises) business and laid off all the long time employees as well.
Including alot of family friends of Ray Currie as well. Thought that was weak.
You might want to get your facts correct, Currie Enterprises split into two companies with the two brothers Ray and John each taking half of the company and going their own directions with their product lines. Currie Enterprises and now Rock Jock 4x4.

Not a single person was laid off during the split of Currie Enterprises and Rock Jock 4x4. Some people moved over to Rock Jock 4x4 with John Currie. Also, Ray Currie is still with Currie Enterprises even though Casey is now running more of the day to day.
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