PONTIAC, Mich. (BRAIN) — Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle.

“After 30 plus years in the bicycle business, it is with dry eyes and a bright outlook that we have decided to sell American Cycle & Fitness to our longtime partner/supplier, Trek Bicycle Company. The transition will be complete by mid-October and Trek reps are already present and planning for the future with our fine staff,” the two announced on the business’s Facebook page.

“While we are excited to be starting a new personal chapter, we are most thankful for the continued wonderful bicycles, accessories and enhanced services that will occur under Trek’s direction. Most importantly, our staff will be working for an employer that provides a superior workplace in every way. That was absolutely the most important outcome we were looking for,” the announcement continued.

The business dates to the 1920s. Reuter started with the store in 1993 with one location. Its locations are in Pontiac, Grand Ledge, Grosse Pointe, Macomb Township, Okemos, Royal Oak, and Walled Lake.