TPEG provides $2.1 million in third funding of Freedom Powersports

TPEG completed a third round of equity funding totaling $2.1 million for its portfolio company, Freedom Powersports. This equity will provide extra working capital for the company and will help fund continued acquisitions. TPEG has now invested $6.28 million of equity capital in Freedom and has helped the company grow from two locations and $15 million in annual revenue to, pending closing of acquisitions currently under contract, 12 locations and over $100 million of annual revenue. TPEG believes in continually funding management teams that perform well.