Titus Cycles, Inc., an Arizona high-end bicycle makers, has been purchased by Great Arizona Investments, a group that has holdings in a variety of industries. The new owners have created a business called GAI Cycles to operate Titus and any other cycling projects they enter.
Titus, based in Tempe, had been owned by Vyatek Sports. The company was founded in 1991 and makes road and mountain bikes in stock and custom sizes, from aluminum, carbon and titanium.
Titus CEO Pat Hus said the company has grown significantly in the last three years.
“The fit between GAI and Titus is ideal,” Hus said. “The GAI members are
cycling enthusiasts who have vast knowledge of how to grow private businesses.”