SRAM Corporation is a privately held bicycle component manufacturer based in Chicago, Illinois, founded in 1987. SRAM is an acronym comprising the names of its founders, Scott, Ray, and Sam, (where Ray is the middle name of company head Stan Day).
In 2008, the company received a strategic investment from Trilantic Capital Partners, formerly known as Lehman Brothers Merchant Banking, the buyout arm of Lehman Brothers. The firm invested $234.8 million in SRAM in a deal that closed Sept. 30, 2008. On May 12, 2011, the company announced in a filing that it intended to raise up to $300 million in an IPO.
Read more about SRAM Corporation: History, Brands, Results in Professional Cycling, Finances
Famous quotes containing the word corporation:
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)