RumbleOn Inc. (RMBL) and RideNow Announce Definitive Agreement to Combine Companies
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RumbleOn and RideNow Announce Definitive Agreement to Combine Companies
March 15, 2021 7:22 AM EDTCombination to Form the First Omnichannel Customer Experience in Powersports in North America, Delivering an Unparalleled Solution to Powersports Enthusiasts
Transaction to Create Dominant Publicly Traded Omnichannel Powersports Platform with a Total Addressable Market of $100B+ Pro Forma company sold more than 63,000 vehicles in 2020, generating revenue of approximately $1.3 billion, net income of approximately $65.3 million and adjusted EBITDA of approximately $90.8 million.1 Business combination expected to propel revenue growth and drive meaningful cost synergies Technology-first platform offering best-in-class customer experience; Powersports enthusiasts can receive cash offers, buy, sell,... More