TPEG portfolio company Freedom Powersports entered into management agreements on July 31, 2014 to begin operating Cycle Nation of McDonough in McDonough, Georgia, Cycle Nation of Canton in Canton, Georgia, and Cycle Nation of Huntsville in Huntsville, Alabama. Freedom took control of these dealerships on October 1, 2014 with the intent to complete a purchase of all of their operating assets.
After receiving approval from BMW, Yamaha, Suzuki, Honda, BRP, and Polaris, the asset purchases closed on June 8, 2015. These acquisitions represent Freedom's entry into the greater Atlanta market and will serve as a platform for the company's growth in the area. With nine locations in the DFW Metroplex, Freedom hopes to replicate its successful North Texas strategy in Georgia. TPEG has helped Freedom grow from two locations to 13 locations over the past two years.