Canadian bike distributor NRG Enterprises acquired by Lanctôt

NRG Enterprises, a Canadian distributor of cycling goods for the past 30 years, has been acquired by Raymond Lanctôt Ltd.

NRG currently distributes Surly, Chromag, Ortlieb, Maxxis, Hope, HT, Early Rider, MRP, Kuat, 7iDP, USWE, Orange Seal, Huck Norris, Red Monkey, WPL and Sensus to Canadian Dealers.

“This acquisition provides us with a solid foundation to grow our Bike Division,” said President Diane Lanctôt.

Jean Cloutier, VP Operations added, “The employees of both companies share an addiction for the mountains and the active outdoor lifestyle. Lanctôt operates from a state-of-the-art 60,000 sqft facility in Montréal and we want to add some of our resources to NRG to make it easier for dealers to do business with them.”

“There is an exciting future for NRG with this acquisition. Lanctôt’s financial, IT and warehousing resources will combine with NRG’s core cycling culture to create a new powerhouse in Canadian cycling distribution,” said Ramin Sherkat, the former owner of NRG Enterprises who will now act as a consultant.