Freedom Powersports acquires dealership in McKinney

TPEG portfolio company Freedom Powersports entered into a management agreement on May 21, 2013 to begin operating Family Powersports in McKinney, Texas. Freedom took control of this dealership on June 1, 2013 with the intent to complete a purchase of all of its operating assets. After receiving approval from BRP and Polaris, the asset purchase closed on December 3, 2013. This acquisition is strategically important because it provides Freedom with a location in Collin County. County boundaries provide special protections against competition under Texas dealership laws, and Freedom now has a presence in six contiguous North Texas counties.