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Nova status

Old 11-25-20, 07:35 AM
  #1  
unterhausen
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Nova status

Anyone know who the person that posted this is?
In February 2020, Nova Cycles was purchased from Lon Kennedy by an individual who, financially speaking, housed Nova under an existing but failing business. In October, Nova was swept up in a court takeover of the larger company, due to the financial situation. My husband Roland and I learned of the situation, and with a desire to support the craft of handmade bicycles, are working with the court to purchase Nova Cycles.
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Old 11-25-20, 03:58 PM
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Cynikal
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I'm curious as well. Since they are local to me I'll ask my usual sources who know what's up.
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Old 11-25-20, 07:05 PM
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unterhausen
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Maybe one of Lon's kids?
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Old 11-26-20, 03:35 AM
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Originally Posted by unterhausen View Post
Maybe one of Lon's kids?
I thought Tellarico was involved at one point but I haven't seen anything from him in a while.
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Old 11-26-20, 09:58 AM
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Jon Tellarico bought it a couple years ago from Lon and there was a slow transition from Lon's ownership to Jon's. Last time I went to Nova Lon was completely out of the picture and Jon was in charge.
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Old 12-03-20, 05:50 PM
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I just talked to a builder about a frame who is impacted by this ( and it sounds like the letter above is the situation. New, New owners trying to sort out a mess and move forward
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Old 12-04-20, 02:26 AM
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I hope Nova survives and those who might contribute to its downfall, wither.
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