Revel Bikes founder says company is profitable after foreclosure

For Adam Miller, leading Revel was like riding a bike.

The founder of the Carbondale-based mountain bike maker says the company regained profitability within three months of him reviving the brand this spring, after the private equity firm that controlled it announced it would shut down.

“We’ve got the O.G. crew together to get the brand back to what we were doing and adapt it to the times,” said Miller.

Miller founded Revel in 2016 and said sales were growing 300% to 600% annually before he sold the company in 2021 to Next Sparc, an Ohio-based private equity firm. The investment was meant to boost Revel’s supply chain.

“We were considered one of the fastest-growing mountain biking companies,” Miller said. “And we were growing so fast that I wanted to sell the business and stay on boar