Comoto announced that an affiliate of Gemspring Capital has made a strategic minority investment in the company. Existing majority shareholder Prospect Hill Growth Partners will retain its ownership stake. Financial terms of the transaction were not disclosed.
Headquartered in Philadelphia, Comoto is an omnichannel platform serving the motorcycle and powersports enthusiast community through its family of brands, including Cycle Gear, RevZilla, and J&P Cycles. The company combines a nationwide retail footprint with a robust e-commerce platform, offering parts, accessories, and riding apparel while leveraging digital media and community channels to engage riders.
Comoto has established itself as a leading platform in the U.S. motorcycle aftermarket, partnering with major OEMs and industry brands. The company said the investment from Gemspring, together with the continued backing of Prospect Hill Growth Partners, will provide additional capital flexibility and strategic resources to support future growth initiatives.
Gemspring Capital manages approximately $5.1 billion in assets and focuses on providing flexible capital solutions to middle-market companies across multiple sectors.
KEY QUOTES:
“Comoto has built a family of brands that riders trust and a team that lives and breathes this category. The continued support of Prospect Hill, together with Gemspring’s investment provides the capital flexibility and strategic resources to continue investing behind our growth while preserving the customer focus, authenticity, and category expertise that have made Comoto what it is today. We are excited to partner with the Gemspring team for this next chapter.”
Zach Parham, President and Chief Executive Officer, Comoto
“Comoto is a category-defining platform with a strong reputation amongst the powersports community. We are thrilled to support Zach and the entire Comoto team as the Company enters its next stage of growth.”
Kristin Steen, Managing Director, Gemspring Capital
