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Want to Own a Bike Brand? Alchemy Bikes Is For Sale!

After 17 years, Alchemy’s founder seeks to sell the brand to someone who will carry on its mission and guide it into the future.
Alchemy Arktos on display at the Alchemy headquarters(photo/Zach Overholt)
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We just received word that Golden, Colorado-based Alchemy Bikes is up for sale. After 17 years, the brand’s founder is looking to sell. “It’s been an incredible ride. I started Alchemy with the dream of building the best bikes in the world — bikes that truly reflected the soul of the sport,” said Ryan Cannizzaro, founder of Alchemy Bikes. “What began as a passion project became a brand recognized for excellence. I’m incredibly proud of what we’ve built.” He goes on to say, “Now, it’s time for someone else to steer the ship. I’m looking for a passionate individual or company that can take Alchemy into the future — someone who shares the same love for cycling and craftsmanship that has always defined us.”

Out for a ride on the Alchemy Arktos. (photo/Zach Overholt)

Since 2008, Alchemy has been producing premium, unique, and lust-worthy mountain, road, and gravel bikes. With current models, including the versatile Arktos trail bike platform and the Lycos gravel bike, and older models like the Ronin gravel and Helios road bike, the brand has been crafting beautiful frames in both carbon and titanium for years. 

Over time, Alchemy Bikes built a reputation for pushing the boundaries of design and aesthetics, earning awards from the North American Handmade Bicycle Show. The brand’s attention to detail and quality craftsmanship earned it high regard among riders and a loyal customer base. As a relatively small, somewhat boutique brand, we’ve also been impressed that Alchemy was able to maintain traction in a market dominated by massive brands and has stayed afloat during tumultuous times for the industry.

Alchemy Bikes taking an award at the North American Handmade Bike Show
Earning an award for best layup at the North American Handmade Bike Show.

Alchemy Bikes being offered up for sale seems like a potentially incredible opportunity for the right buyer(s). With a recognizable brand name, an established customer base, existing industry relationships, manufacturing processes, distribution, and current and previous bike models, this is probably about as close to a turnkey situation as you’ll find. If you’ve ever wanted to own a bike brand, this looks like a chance to step right in and take the reins.

Of course, we’re hopeful that Alchemy actually sells to an individual or company that truly is passionate about cycling and wants to build off the brand’s existing legacy. As we’ve seen numerous times recently, however, that isn’t always how these things work out. With brands like Revel and Kona being purchased by private equity firms or conglomerates with a growth-at-all-costs mindset, only to be sold back to their original owners a few years later. 

Testing the current Alchemy Lycos gravel bike. (photo/Tyler Benedict)

Bike industry drama aside, we wish Alchemy’s founder, Ryan Cannizarro, all the best in finding a new owner and passing the torch. This is a rare opportunity to purchase an established bike brand, so if you’re interested, I wouldn’t sleep on it. Interested parties should reach out to Ryan directly for more information.

Ryan Cannizarro: ryan@alchemybikes.com

alchemybikes.com

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Rincoln
Rincoln
22 days ago

Congratulations to Ryan Cannizarro, who in 2030 bought back Alchemy from (insert nameless private equity firm) for much less than what he sold it to them for. Another classic example of sell high, buy back low.

Tom
Tom
21 days ago
Reply to  Rincoln

I can only hope that he is successful in doing so. Building a real company is hard work, seems like a lot of young people consider it a sell out to actually make money at your life’s work

Oli
Oli
20 days ago
Reply to  Rincoln

Don’t think anyone is selling high now … not in this market. I think a lot of these bike brands going up for sale or trying to avoid bankruptcy now are barely worth anything. PE aren’t biting generally because they know the writing is on the wall. If anything is bought, it’s now usually by rich enthusiasts – but there aren’t many of those.

Joey
Joey
20 days ago
Reply to  Oli

Thats actually not true at all. One of our larger local breweries just sold to a group just like what Alchemy is looking for and it was a great deal for everyone. Best of luck Ryan! I am lucky enough to own 2 Alchemy’s, and they are my favorites for sure!

Oli
Oli
19 days ago
Reply to  Joey

Beer industry isn’t the bike industry???

Matt
Matt
22 days ago

Love my Arktos. So underrated.

bicyclego
bicyclego
21 days ago

It’s a rough time for this business, but I feel like it’s a great time to potentially take a fresh run at it too (following the path that Stinner is taking).

randomindustryguy
randomindustryguy
18 days ago

I’m sure this is a hard day for Ryan, and sadly, many others like him trying to keep their companies alive. If there’s a smaller brand you want to see make it (Ibis, Yeti, Transition, Propain, Evil, Spot, etc.) buy that bike now and help them keep going. Waiting for that discount sounds like a good plan, but that $1,000-$1,500 you save may be the difference of your new favorite brand being around to support you, or not. Help where you can, if you can. The stories of GG, Revel, and now Alchemy may become more common.

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