Silver Falls Capital Acquires Sportworks
WOODINVILLE, Wash – Dec. 28, 2021 - Silver Falls Capital has acquired privately-held Sportworks Northwest, Inc. (Sportworks). Based in Woodinville, Wash., Sportworks is a world leader in the design and manufacture of commercial bike parking solutions and bicycle racks for private and public sector transit vehicles.
Sportworks products are renowned for thoughtful engineering and design, and are preferred by cyclists and commuters. With a focus on environmental sustainability, the company’s solutions promote the use of bicycles as a convenient, equitable, and cost-effective mobility solution.
“Sportworks products are designed by cyclists, for cyclists,” said Paul de la Port, executive vice president and co-founder of Silver Falls Capital. “Their passion for the end customer is met with impeccable engineering and a relentless focus on serving transit authorities, commercial vehicle manufacturers, architects and facilities professionals. We are energized to participate in this growing industry and enabling climate-friendly, healthy forms of personal transportation.”
Founded in 1990, Sportworks has designed and manufactured innovative bicycle transport solutions for buses, trains, and other modes of mass transit across the globe. Built on a reputation of on-time delivery, innovative designs and high reliability, their solutions are the most widely deployed systems in the industry.
Sportworks has leveraged their experience and expertise from transport solutions to offer a complete line of vertical and horizontal bike parking systems and offer value-added services including design, planning, layout, and consultation for indoor and outdoor bike parking projects.
“We embrace the support, expertise, and strategic, long-term focus that Silver Falls Capital brings.” said Eric Rayl, president of Sportworks. “Their commitment to the industries we serve, and their strong value-driven business model closely matches ours – we are excited for this next phase in our business and the partnership that will shape the future of Sportworks.”
The company, under the new name, Sportworks Global LLC, will continue to manufacture products from its facility in Woodinville, Wash., and uphold the high-quality standards Sportworks is known for throughout the industries they serve. Eric Rayl will continue his leadership role as president, supported by the existing team of Sportworks employees.
For more information about Sportworks, visit www.sportworks.com
For more information about Silver Falls Capital, visit www.silverfallscapital.com