RumbleOn, Inc. Acquires Freedom Powersports

RumbleOn, Inc. completed the acquisition of Freedom Powersports, adding 13 retail locations across Texas, Georgia and Alabama and expanding RumbleOn’s omnichannel powersports retail footprint. The transaction closed for aggregate consideration of approximately $130.0 million (≈ $83.4M for the business and ≈ $46.6M for real estate) and supports RumbleOn’s revenue and adjusted EBITDA outlook; Freedom reported over $220.0 million of revenue and over $25.0 million of adjusted EBITDA for 2021 (unaudited).