The Carytown Bicycle Co. chain of shops was founded in 2007 in Carytown. ( Mike Platania photo )
In response to a shifting industry, a longtime local bike shop chain is under new ownership.
Carytown Bicycle Co. has been sold to California-based Specialized Bicycle Components for an undisclosed amount.
The deal closed earlier this year, as Specialized branding now adorns Carytown Bikes’ website, and a recent zoning compliance certificate filed in the city describes Specialized as the new owner. Despite being under Specialized ownership, the Carytown Bicycle Co. brand remains on all three of its stores in Short Pump, Midlothian and its namesake neighborhood.
CBC was founded in Carytown in 2007 and expanded to Midlothian in 2015 and Short Pump in 2017 . Its Midlothian location was initially in Westchester Commons but moved to Winterfield Crossing in 2019 .
Specialized is a giant in the cycling industry, offering bikes, parts and other accessories since 1974. CBC had been a dealer of Specialized goods prior to the sale.
Former CBC co-owners Tim Mullins, John Hessian and Jesse Leadbetter couldn’t be reached for comment. Specialized did not respond to multiple calls and emails seeking comment.Specialized has been acquiring independent shops all over the globe. In the last year, the brand has reportedly purchased bike shops of sizes similar to CBC in Michigan , Indianapolis , and California , as well as internationally in Australia .Its acquisition spree is part of an ongoing turf battle with two of its biggest competitors: Holland-based Pon Holdings, which owns bike brands […]