Freedom Powersports acquires dealerships in Dallas and Lewisville

TPEG portfolio company Freedom Powersports entered into management agreements on March 21, 2013 to begin operating North Texas Yamaha in Lewisville, Texas and Motion Cycle Sports in Dallas, Texas. Freedom took control of these dealerships on May 1, 2013 with the intent to complete a purchase of all of their operating assets. After receiving approval from Yamaha, BRP, and Polaris, the asset purchases closed on September 13, 2013. These acquisitions are among the first of several planned acquisitions Freedom intends to complete in the DFW Metroplex. They are strategically important because they provide Freedom with locations in Denton County and Dallas County. County boundaries provide special protections against competition under Texas dealership laws, and Freedom now has a presence in four contiguous North Texas counties.