Local Business Listed As One Of Forbes’ Best Small Companies In America

Local Business Listed As One Of Forbes’ Best Small Companies In America

Quality Bicycle Parts has experienced considerable growth from sales of $100,000 in 1981 to $200 million in revenue most recently.

A Twin Cities bicycle manufacturer was named to Forbes magazine’s first-ever Best Small Companies in America list, which features 25 “small giants” in business.
 
Forbes named Bloomington-based Quality Bicycle Products (QBP) for its great service and work environment, community contributions and other “nonfinancial priorities.”
 
Founded in 1981 by Steve Flagg and Mary Henrickson, QBP began as a small office in St. Paul with $100,00 of sales in its first year. It has grown to become the nation’s largest wholesale distributer of bicycle parts and accessories with $200 million in revenue.
 
The company maintains warehouses in Minnesota, Utah, Pennsylvania and Nevada to provide one-day delivery to its 5,400 bike-store customers. Last May, QBP also opened a warehouse in Taiwan where it manufactures products for its own bike brands, such as Civia, Salsa, Foundry, Surly, and All-City.
 
QBP currently employs 700 workers, although Flagg stepped down as CEO in September to retire. He was named listed as one of TCB’s 100 People to Know in 2015.