In early 2008, a no-name company bought Cannondale, one of the more interesting bicycle companies out there. They were bought by Dorel, a holding company with no soul, from Pegasus Capital Advisors, another holding company with no soul.

The end result is that one of the coolest bikes ever, the Cannondale Rush, is not only no longer being made in the USA, the bike’s only nominally recognizable as its former self.

The Rush is a cool bike: there was an entry level version for around US$1300 (my wife briefly owned one of these; it’s currently being turned into a sewing machine instead; wanna buy it?) and the super amazing carbon version for upwards of US$6000.

I hate holding companies. They never ever know the value of the business they hold.