Freedom Powersports acquires dealerships in Fort Worth and Cleburne

TPEG portfolio company Freedom Powersports entered into management agreements on August 29, 2014 to begin operating Honda Kawasaki West in Fort Worth, Texas and Honda West in Cleburne, Texas. Freedom took control of these two dealerships on September 2, 2014 with the intent to complete a purchase of all of their operating assets. After receiving approval from Yamaha, Honda, Kawasaki, and Gibbs, the asset purchases closed on April 28, 2015. These acquisitions are strategically important for Freedom, providing the company with its first opportunity to sell Honda products and providing Freedom a location in Johnson County. County boundaries provide special protections against competition under Texas dealership laws, and Freedom now has a presence in seven contiguous North Texas counties.