By Kailee Bradstreet – July 23, 2014: On the heels of partnering with investment firm Tengram Capital, Active Ride Shop is making plans to roll out a business expansion that could double its footprint over the next five years. This type of growth is nearly unprecedented in a market that is seemingly still economically challenged, and we caught up with Active Ride Shop President Esmail Mawjee to understand more about the Southern California retailer’s growth plan, why he sees expansion as a viable option, and some additional background on the company’s new investor, which is also involved with another well-know brand within the industry.
How did the partnership with Tengram Capital come about? How long has it been in the works?
Active’s ownership was looking for some time for a partner to provide growth capital to build on the company’s momentum and fund future growth. During the search for the right partner, Rick Mina was introduced to us, who in turn introduced us to Tengram.
Source: Active Ride Shop President Esmail Mawjee On Opening New Doors | Transworld Business
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