Jack & Adam’s Bicycles (300 S. Lamar), one of the iconic bike stores in Austin, has merged with Texas Endurance Sports, a Waco-based company which operates five other bike and multi-sports stores in Texas.
As part of the merger, Jack Murray, who owns Jack & Adam’s (along with two other partners), will become president of retail operations for Texas Endurance Sports which will also open a new store in Southlake later in the year. Murray will remain in Austin and operate out of Jack & Adam’s.
“Essentially, nothing will change at the retail level for our customers and partners in Austin,” said Murray. “We will still be Jack & Adam’s. But in the bicycle and running business, there’s a major consolidation of stores going on right now. It’s become more and more difficult for small, independent stores to compete without some type of consolidation. That’s what this is about.”
Angie Balentine will remain as the General Manager for J&A and Lj Miller is joining the team as Store Manager. Miller comes in with an extensive background in the cycling industry both from the retail/customer side and specializing in vendor sales. According to Murray, the merger will mean plenty to his staff in terms of insurance and 401k plans.
High Five Events, the event and race business owned by Stacy Keese, Jack Murray and Dan Carroll, will not be affected by the merger. “High Five is a separate business,” said Murray. “What we will do is use what we have learned in our event business and create new events in our other markets.” (High Five Events puts on a number of triathlons and multi-sports events. This year it also has taken over management of the Capitol 10,000.)
Also unaffected by the merger will be Gilbert’s Gazelles which meets and operates its training groups out of Jack & Adam’s. In addition, the store will continue to sell running shoes and clothes as well as triathlon gear.
“I’m super excited about this opportunity,” said Murray. “It means a lot to me personally, but it will also allow us to provide even better service to our customers in Austin.”