High Road, Inc., a chain of large specialty stores for the adventure sports market and cycling industry, retained Shields & Company to assist in raising capital stock required to fund a potential acquisition. This recapitalization enabled the company to acquire International Bicycle Center, Inc., the largest specialty bicycle retailer in Boston, Massachusetts. The deal strengthened High Road's senior management, significantly increased its market share, and fulfilled its expansion model.
Shields & Company acted as a financial advisor to High Road, Inc. and arranged the direct placement of these securities in the above transaction.
