Furniture specialist pedals into cycle parking sector with acquisition

Image credit: Broxap

A Staffordshire-based furniture specialist has expanded its reach in the cycle parking sector by acquiring a bike storage manufacturer.

Broxap, which has acquired Turvec for an undisclosed sum, plans to build on the expertise and team at Turvec to strengthen its position in the cycle storage market.

Founded by George Hosegood, Turvec capitalised on the rise of two-wheel travel, offering a range of cycle solutions such as bike racks, shelters and repair stations.

Over the past decade, Turvec has partnered with construction companies and supplied cycle equipment to local authorities, educational institutions and clients like Google, the Ministry of Defence and Lloyds Banking Group.

Hosegood said: “I was approached by Broxap in the summer of 2024 about a potential partnership. However, as talks progressed this became about a potential sale. I did think about whether to continue with the business or sell to Broxap. We had further discussions and after much consideration, I decided that now was the ideal time to sell the business.”

Broxap managing director John Boyle said: “We already offer a full geographical service throughout the UK, from our Staffordshire manufacturing base. Turvec’s market position, London location and its talented team, perfectly complement Broxap’s offering and its comprehensive product portfolio. We’re delighted to welcome the Turvec team into the Broxap family.”

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