A Jackson Walker team led by recent Fort Worth additions Evan Malloy, Kayla Matus, and Taylor Cummins represented Freedom Powersports in the sale of its business to Dallas-based RumbleON, Inc., the largest U.S. retailer of powersports vehicles. The transaction was announced on November 9, 2021, and is expected to close in late 2021 or the first quarter of 2022. Additional details regarding the transaction are available through RumbleON’s public press release.
Through its acquisition of Freedom Powersports, RumbleON will expand its presence in Texas, enter Georgia and Alabama, and increase the number of its retail locations to over 55.
“We are excited to have worked with the Freedom Powersports team on this transformative sale transaction,” said Evan Malloy. “Kayla, Taylor, and I are happy to have hit the ground running after joining Jackson Walker in early October. This was a complex deal, and we are grateful for the support of our new colleagues from around the Firm to bring this deal to signing on an extremely short timeframe.”
In addition to Evan, Kayla, and Taylor, the Jackson Walker team included Michael F. Meskill, Cade Satterfield, and Rony Kishinevsky, who served as special advisors to one of the equityholders of Freedom Powersports. Greta E. Cowart, Raman N. Dewan, Joel W. Heydenburk, John M. Jackson, Ronald D. Kerridge, Ann M. Leafstedt, Shari Y. Mao, Jay K. Rutherford, and Peter K. Wahl also provided extensive support in their respective areas of experience.
For more information about the transaction, see RumbleON’s press release.
Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 400 attorneys across seven offices, we are the second-largest firm in the state and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore the Firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.