PAG - Mergers and acquisitions

Completes Acquisition of Two Lexus Dealerships in Central FloridaExpected to Add $450 Million in Annualized RevenueBrings Estimated Annualized Acquired Revenue to $2 Billion Since NovemberBLOOMFIELD HILLS, Mich., Feb. 24, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and eight countries, announced today that it has completed the acquisition of Lexus of Orlando and Lexus of Winter Park, two high-performing Lexus dealerships serving the fast-growing Central Florida market.The acquisition strengthens Penske A

Acquires Two Toyota and Two Lexus Dealerships, including Longo Toyota, the Largest Toyota Dealership in the U.S. Acquired Dealerships Expected to Add $1.5 Billion in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich., Nov. 19, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, announced today that it has acquired Longo Toyota and Longo Lexus, located in El Monte, California, Lexus of Stevens Creek, located in San Jose, California, and Longo Toyota of Prosper, located in Prosper, Texas, a g

Ferrari Modena Complements Existing Luxury Brand Presence in Italy Strengthens Worldwide Penske/Ferrari Relationship BLOOMFIELD HILLS, Mich., July 3, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and eight countries, has completed the acquisition of a Ferrari dealership in Modena, Italy.  Located in Emilia Romagna, the heart of the Italian Motor Valley, this Ferrari dealership expands the Company's existing luxury presence in Italy to 29 automotive retail locations.  Penske Automotive Group now represents

Strategic Partnership Expected to Elevate Customer Experience Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich., Dec. 2, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, has completed the acquisition of Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd.  Porsche Centre Melbourne represents the Company's 25th Porsche dealership worldwide.  The acquisition is expected to add $130 million

Expands North America Retail Operations Presence in the Midwest Expected to Add $550 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich., July 16, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, announced today the acquisition of Bill Brown Ford in southeastern Michigan.  Located in Livonia, the dealership operations serve Michigan's largest county by population.  The acquisition is expected to add $550 million in estimated annualized revenue. As part of the acquisition, the C

Expands North American Operations to New Market Areas in Wisconsin and Minnesota Expected to Add $200 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich., June 10, 2024 /PRNewswire/ -- Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG), announced today the acquisition of River States Truck and Trailer, Inc. (RSTT) headquartered in La Crosse, WI.  The acquisition is expected to add $200 million of estimated annualized revenue for Premier Truck Group. River States operates five facilities strategically located in western Wisconsin and eastern Minnesota along the key trucking lanes

Adds 15 Premium Dealerships Representing Estimated Annualized Revenue of $1 Billion BLOOMFIELD HILLS, Mich., Jan. 8, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has completed the acquisition of Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.  Three of the BMW locations also retail BMW Motorrad motorcycles. The dealerships represent estimated annualized

Adds $140 Million in Expected Annualized Revenue BLOOMFIELD HILLS, Mich., Aug. 11, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired BMW of Wilmington and Porsche Wilmington.  Both dealerships have earned their respective brand's highest honor, with BMW of Wilmington designated as a BMW Center of Excellence and a Porsche Wilmington designated as a Porsche Premier Dealer.  Penske Automotive Group Acquires BMW and Porsche DealershipsCommenting on the acquisitions, Penske Automotive Group Chair and CEO Roger Pensk

Expands North American Operations to New Market Area in Manitoba Adds $180 Million in Expected Annualized Revenue BLOOMFIELD HILLS, Mich., June 5, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired Transolutions Truck Centres ("TSTC"), a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada.  With this acquisition, Premier Truck Group, the Company's wholly-owned commercial truck subsidiary, continues to expand and complement its operations in Canada by establishing

Acquires Hyundai and Genesis Brands BLOOMFIELD HILLS, Mich., May 3, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired Terry Lee Hyundai and Genesis of Noblesville, Indiana, increasing the Company's presence in the Indianapolis metropolitan market. Terry Lee Hyundai was recognized by Automotive News as a Best Dealership to Work for in 2020 and was named as a 2020 Top Work Places by The Indianapolis Star. The acquisition is expected to generate annualized revenue of $80 million.   Commenting on the acquisition, C

Acquires BMW/MINI of Escondido and a Collision Center BLOOMFIELD HILLS, Mich., April 12, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired BMW/MINI of Escondido, along with a collision center, located in Escondido, California. The acquired dealership and collision center are located in the Escondido Auto Mall, where the company currently operates dealerships featuring the Acura, Audi, Honda, and Mazda brands. The acquisition is expected to generate annualized revenue of approximately $115 million. Commenting on

Acquires Three BMW MINI Dealerships and a Collison Center Adds $250 Million in Annualized Revenues; Builds Further Scale in U.K. Market BLOOMFIELD HILLS, Mich., April 1, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its U.K. subsidiary ("Sytner Group") has acquired three BMW MINI dealerships and a collision center in the U.K.   The acquired dealerships are located in South East England, north of London, complementing the existing presence of 32 BMW MINI franchises operated by the company in the U.K. market.  Commenting on

Represents $150 Million in Annualized Revenues BLOOMFIELD HILLS, Mich., Feb. 28, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired TEAM Truck Centres ("TEAM"), a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario, Canada. The acquisition is expected to generate approximately $150 million in annualized revenue, building further scale within the Company's wholly-owned Premier Truck Group ("PTG") subsidiary. TEAM has been operating in southwest Ontario, Canada f

BLOOMFIELD HILLS, Mich., Nov. 16, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired McCoy Freightliner ("McCoy"), a retailer of medium and heavy-duty commercial trucks, located in Oregon. The McCoy acquisition is expected to generate approximately $200 million in annualized revenue, building further scale within the Company's wholly-owned Premier Truck Group ("PTG") subsidiary. McCoy adds two full-service dealerships (Portland, OR and Salem, OR) and a remarketing center (Portland, OR) to Premier Truck Group's e

BLOOMFIELD HILLS, Mich., April 13, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company, and Premier Truck Group ("PTG"), its wholly-owned commercial vehicle subsidiary, have completed the acquisition of Kansas City Freightliner ("KCFL"), a retailer of medium and heavy-duty commercial trucks.  The KCFL acquisition is expected to generate $450 million in annualized revenue, building further scale within Premier Truck Group. The acquisition adds five full-service dealerships, four parts and service centers, and two collision centers located in Kansas and Missouri to the company's existing operation.   Commenting on the acqu