Irving-based RumbleOn operates through two operating segments, its Powersports dealership group and Wholesale Express LLC, an asset-light transportation services provider focused on the automotive industry.
Massimo Group, a Garland-based powersport vehicle company, said the IPO's proceeds are earmarked for several strategic initiatives aimed at expanding its business, including new products and electric vehicle-related technology.
The deal, valued at $575.4 million, will combine the ecommerce disruptor's platform for new and pre-owned motorcycles with powersports retail giant RideNow. What will result is a first-of-its-kind omnichannel platform for powersports—a more than $100 billion industry—in North America.
North Texas’ growing venture capital community was on full display Thursday at Old Parkland, as an estimated 450 company founders, investors and other community leaders gathered for the sixth annual Venture Dallas conference....
North Texas’ growing venture capital community was on full display Thursday at Old Parkland, as an estimated 450 company founders, investors and other community leaders gathered for the sixth annual Venture Dallas conference....