Freedom Powersports acquires dealership in Decatur

TPEG portfolio company Freedom Powersports entered into a management agreement on February 21, 2013 to begin operating Decatur Powersports in Decatur, Texas. Freedom took control of that dealership on March 1, 2013 with the intent to complete a purchase of all of its operating assets. After receiving approval from Yamaha, Kawasaki, and Suzuki, the asset purchases closed on September 27, 2013. This acquisition is among the first of several planned acquisitions Freedom intends to complete in the DFW Metroplex. It is strategically important because it provides Freedom with a location in Wise County. County boundaries provide special protections against competition under Texas dealership laws, and Freedom now has a presence in five contiguous North Texas counties.