On May 1, 2024, ENVE Composites was acquired by PV3 Enterprises, a Utah-based private investment firm whose owners are avid cyclists and have been familiar with the brand for many years.
ENVE Composites was founded in 2007 and is one of a small number of U.S. cycling brands to have American manufacturing. The company’s dedication to performance products and in-house manufacturing has allowed it to be an innovation leader in wheels, components, and bicycles, while partnering with many of the best athletes in the world.
In 2016, ENVE moved into its Ogden, Utah based headquarters. The 80,000 square foot building houses engineering, R&D, manufacturing, sales, marketing, customer service, and finance functions that provide employment opportunities to the local community. PV3 is dedicated to maintaining ENVE’s heritage as a Utah-based manufacturer and leader in composites technology.
ENVE’s Chief Executive Officer Mike Stimola stated, “This is an opportunity to take ENVE to the next level through local Utah ownership. While the current bicycle market is challenging, ENVE is growing based on our product innovation and professional team partnerships.”