RumbleOn Expands Dealership Footprint
RumbleOn has expanded its 'Brick and Mortar' retail footprint in the USA with the acquisition of Revolution Road Harley-Davidson in West Bridgewater, Massachusetts.
Previously known as Monty's Harley-Davidson, it had been owned by Kathleen Monaghan - Joseph Cacicio, a New England native with extensive experience in the powersports industry, has been appointed General Manager.
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| RumbleOn CEO Mike Kennedy |
Located mid-way between Boston and Providence, RI, the purchase marks RumbleOn’s 56th dealership and the first acquisition under CEO Mike Kennedy: “Dealership acquisitions are a crucial element in achieving RumbleOn’s Vision 2026 strategic plan. Revolution Road is a perfect addition to our growing portfolio of dealerships.”
Earlier this summer, RumbleOn opened Indian Motorcycle of Cincinnati, a market which had not been served by an Indian dealership previously, and recently also opened RideNow Powersports Houston, a dealership pilot project focused on selling pre-owned vehicles exclusively, with an emphasis on custom and touring motorcycles. Near Interstate 45 north of Houston, the location also carries a comprehensive selection of accessories and riding gear.
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| The newly renamed Revolution Road Harley-Davidson at West Bridgewater, Mass., now owned by RumbleOn. |
"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 goals and continue to focus our capital allocation on generating long-term per-share value for our shareholders."