The Pro’s Closet sells minority stake for $2.5 million

By Stephen Frothingham

TPC plans a national roll-out of its Trade-Up program.
The eBay seller plans a national trade-in program for bike shops.

BOULDER, Colo. (BRAIN) — The Pro’s Closet’s founders have sold a minority stake in the company to the investment firm Range Light LLC for $2.5 million and are preparing to launch its used bike trade-in program nationally.

TPC began 9 years ago as an eBay consignment seller, specializing in selling off extra bike stuff that Boulder’s many pro cyclists had in their …read more

Via:: Bicycle Retailer and Industry News