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Announced

Completed

RumbleOn completed the acquisition of Freedom Powersports for $130m.

Financials

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Transaction Value£95m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA5.2x
Share Price Premium-
One Off Charge-

Tags

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Auto Services

United States

Private

Majority

Acquisition

Completed

Friendly

automobile dealers

Domestic

Single Bidder

Synopsis

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RumbleOn, a US-based online retailer that allows both consumers and dealers, completed the acquisition of Freedom Powersports, a dealer of sports and utility vehicles across the United States, for $130m. “We are transforming the powersports industry and remain singularly focused on offering unparalleled choice and unmatched experience to our customers both online and in our retail locations. The opportunity set and our business fundamentals remain strong. Adding Freedom to our portfolio further strengthens our consumer offering, expands our national footprint, and deepens our leadership position in powersports. We are more excited than ever about our future and are thrilled to officially welcome the Freedom team to the RumbleOn family,” Marshall Chesrown, RumbleOn Founder and CEO.

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