Summit Strategic Investments, LLC in Bedford announced its acquisition of Segway Inc. in Manchester for an undisclosed amount. Summit said in a press release it plans to refocus, grow its product portfolio and expand its worldwide network.
We are pleased with SSI's vision for Segway's future. I'm confident that its investment in and repositioning of the company will propel us forward, said Mary Savage, chief operating officer, Segway Inc. in the same press release
SSI has a 15 year record of investing in solid companies with strong brands that offer the market true value, said Roger Brown, the newly appointed president and CEO of Segway. Segway is an ideal fit for SSI's strategic vision. My goal over the next few years is to refocus the company on its strengths and leverage growth opportunities. In addition, we expect to announce the development of new products in the very near future.
Summit Strategic Investments, LLC was advised by Josh Sutherland with Pitts and Eckle P.C. and Angle Advisors Investment Banking. The owners of Segway Inc. were represented by BDO Capital Advisors, LLC.
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