M&A Deal Summary

RumbleOn Acquires RideNow

On March 15, 2021, RumbleOn acquired automotive company RideNow for 575M USD

Acquisition Highlights
  • This is RumbleOn’s 2nd transaction in the Automotive sector.
  • This is RumbleOn’s largest (disclosed) transaction.
  • This is RumbleOn’s 4th transaction in the United States.
  • This is RumbleOn’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-03-15
Target RideNow
Sector Automotive
Buyer(s) RumbleOn
Deal Type Add-on Acquisition
Deal Value 575M USD

Target

RideNow

Chandler, Arizona, United States
website
RideNow is a powersports retailer dealership. RideNow compliments its vehicle sales with complete parts, service, accessories, and after sales offerings. RideNow was founded in 1983 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

RumbleOn

Irving, Texas, United States

website

Category Company
Founded 2013
Sector Internet Software and Services
Employees2,717
Revenue 1.8B USD (2022)
DESCRIPTION

RumbleOn is a provider of an e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned vehicles in one online location. RumbleOn was founded in 2013 and is based in Irving, Texas.

DEAL STATS #
Overall 4 of 5
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 AutoSport-USA

West Palm Beach, Florida, United States

AutoSport-USA is an independent pre-owned vehicle distributor. AutoSport-USA is based in West Palm Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Freedom Powersports

Fort Worth, Texas, United States

Freedom Powersports is a power sports dealer that specializes in selling & servicing power sports equipment. Freedom sells motorcycles, ATVs, UTVs, boats, personal watercraft, and other recreational vehicles. Freedom Powersports was formed in 2012 and is based in Fort Worth, Texas.

Buy $130M
Mergr

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