from Bicycle Retailer (full article)

BY SEAN HONG

AUSTIN, TX—Hill Abell is on the frontline competing against Performance Bicycles’ retail outlets. So when Performance announced a multi-million dollar infusion of capital to launch another 90 stores over the next four years, he paid attention.

Early last month, Peformance announced that it had been acquired by private equity firm North Castle Partners based in Connecticut.

Abell is a Top 100 Retailer with two stores in Austin, a community he describes as a “very sophisticated cycling market.� Performance has a store near his north Austin location and is about to open another one mile from his central Austin store.