![Motor Sports NewsWire logo 2022 RD-BK [300]](https://motorsportsnewswire.com/wp-content/uploads/2022/12/cropped-cropped-Motor-Sports-NewsWire-logo-2022-RD-BK-300.png){kind=logo}
IRVING, TX – August 20, 2024 – RumbleOn, Inc. – (Motor Sports NewsWire) – (NASDAQ: RMBL), the nation’s largest retailer of powersports vehicles, announced today the acquisition of a Harley-Davidson dealership in West Bridgewater, Massachusetts. The newly acquired dealership, now named Revolution Road Harley-Davidson, opened its doors Friday under its new ownership.
Joseph Cacicio, a New England native with extensive experience in the powersports industry, has been appointed as the General Manager of Revolution Road Harley-Davidson. Cacicio expressed his enthusiasm for the role, “I am honored to take the helm at Revolution Road Harley-Davidson. Our team is committed to serving the dealership’s loyal customers and adding exciting new initiatives that support the Harley-Davidson brand.”
The dealership, previously known as Monty’s Harley-Davidson, had been owned by Kathleen Monaghan, a long-time member of the area’s powersports community.
Revolution Road Harley-Davidson will become a premier destination for Harley-Davidson enthusiasts in New England. Located mid-way between Boston and Providence RI, the location provides easy access for numerous current and future Harley owners.
This purchase marks RumbleOn’s 56th dealership, a significant milestone as the first acquisition under CEO Mike Kennedy. Kennedy commented on the strategic importance of acquisitions, saying, “Dealership acquisitions are a crucial element in achieving RumbleOn’s Vision 2026 strategic plan. Revolution Road Harley-Davidson is a perfect addition to our growing portfolio of dealerships.”
Along with this acquisition, RumbleOn has recently expanded its presence with two additional dealership locations.
Earlier this summer, RumbleOn opened Indian Motorcycle of Cincinnati, a market which had not been served by an Indian dealership. “Our close partnerships with all of our OEM’s, in this case Polaris, made Indian Motorcycle of Cincinnati a reality,” continued Kennedy.
RumbleOn also recently opened RideNow Powersports Houston, a dealership pilot project focused on selling pre-owned vehicles exclusively. This innovative dealership offers a range of pre-owned powersports products, with an emphasis on custom and touring motorcycles. The location near Interstate 45 north of Houston also carries a comprehensive selection of accessories and riding gear.
“Our strategic plan calls for us to carefully manage our capital and to run the best performing dealerships in the country,” said Kennedy. “The three new dealerships we opened this summer, each one quite different, are great examples of how we will grow and achieve our Vision 2026 goals and continue to focus our capital allocation on generating long-term per-share value for our shareholders.”
ABOUT RUMBLEON
RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow’s Cash Offer to acquire vehicles directly from consumers. To learn more, please visit us online at https://www.rumbleon.com.
Cautionary Note on Forward-Looking Statements
This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995, which statements may be identified by words such as “expects,” “plans”, “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s SEC filings, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Investor Relations Contact: [email protected]
Source: RumbleOn, Inc.
####
