Troy Lee buys back his company
In a press release today, Troy Lee announced that he has purchased back his namesake company. While we are not entirely sure what this will mean for the future we hope that Troy will be more involved and cool stuff to follow. He has always made different designs and brought new sponsors to the sport and we can hope he will be more free to do that and more.
Corona, California, July 31, 2024 – Troy Lee Designs is excited to announce a significant evolution in its ownership structure, moving forward as an independent company. This pivotal shift, by founder Troy Lee, backed by a world-class American family, marks a new chapter for the iconic brand.
With this new ownership status, Troy Lee Designs is set to channel its renewed energy into the Fall 2024 season and beyond. The company is committed to securing prominent positions in the bike and motocross helmet and technical apparel markets. Enhanced investments will enable Troy Lee Designs to deliver exceptional products, including helmets, technical gear, protection, and sportswear, to our valued dealers, distributors, consumers, and enthusiasts.
Troy Lee, the visionary founder and namesake, will continue to play a crucial role as the Chairman, strategic brand advisor, and inspirational leader of the renowned paint shop. “I’m incredibly passionate about our brand and our future. With strong leadership and dedicated partners, I’m stoked for what’s ahead. Peace & Wheelies!” – Troy Lee
Jon-Erik Burleson, CEO of Troy Lee Designs, expressed his enthusiasm: “Over the past nine months, with the invaluable support of 2 Ride, we have built a robust platform. As an independent company, we are now equipped to grow and unlock the full potential of the premium brand that Troy Lee Designs is destined to be.”
A statement from 2 Ride Group: “2 Ride Group is very pleased to see Troy Lee Designs coming back to its iconic founder. The brand's return to independence should give it the agility it needs to strengthen its market positioning with an 'Art & Speed' approach. We wish them the greatest success!”
During the transition, Troy Lee Designs will assist 2 Ride Group portfolio brands with distribution across North America.
