Penske Automotive Group - M&A Summary and Business Overview

RetailCompany

Penske Automotive Group M&A Summary

Penske Automotive Group has acquired 27 companies, including 8 in the last 5 years.

Penske Automotive Group’s largest acquisition to date was in 2013, when it acquired Western Star Trucks Australia Pty for $200M. Penske Automotive Group has acquired in 15 different US states, and 5 countries. The Company’s most targeted sectors include automotive (49%) and retail (38%).

Penske Automotive Group Business Overview

Where is Penske Automotive Group headquartered?

Penske Automotive Group is headquartered in Bloomfield Hills, Michigan.

What is Penske Automotive Group’s revenue?

Penske Automotive Group disclosed revenue of 29,527M USD for 2023 and 27,815M USD for 2022.

How many employees does Penske Automotive Group have?

Penske Automotive Group has 28,500 employees.

What sector is Penske Automotive Group in?

Penske Automotive Group is a retail company.

When was Penske Automotive Group founded?

Penske Automotive Group was founded in 1990.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity27
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 5

Penske Automotive Group

Penske Automotive Group, Inc.

2555 Telegraph Road,
Bloomfield Hills, Michigan 48302
United States,
(248) 648-2500
www.penskeautomotive.com

Penske Automotive Group is an automotive retailer that sells new and used motor vehicles, maintenance, and repair services. Penske Automotive Group was founded in 1990 and is based in Bloomfield Hills, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 19 - 2 2 1 3 27
vol $200M $200M
Sell (0.0/yr) # - - - - - - 0
  27

Most Recent M&A

Company Date Value Type
Bill Brown Ford 2024-07-16 - Add-on Acquisition
Livonia, Michigan · www.billbrownford.net
River States Truck and Trailer, Inc. 2024-06-10 - Add-on Acquisition
La Crosse, Wisconsin · www.riverstates.com
Rybrook Automotive Ltd. 2024-01-08 - Add-on Acquisition
Warwick, United Kingdom · www.rybrook.co.uk
Transolutions Truck Centres Ltd. 2023-06-05 - Add-on Acquisition
Winnipeg, Manitoba · www.tstruck.ca
Terry Lee Hyundai & Genesis 2022-05-03 - Add-on Acquisition
Noblesville, Indiana · www.terryleehyundai.com
TEAM Truck Centres 2022-02-28 - Add-on Acquisition
London, Ontario · www.teamtruck.com
McCoy Freightliner 2021-11-16 - Add-on Acquisition
Portland, Oregon · www.mccoyftl.com
Kansas City Freightliner 2021-03-04 - Add-on Acquisition
Kansas City, Missouri · www.kcfreightliner.com
The Car People Ltd. 2017-12-12 - Add-on Acquisition
Wakefield, United Kingdom · www.thecarpeople.co.uk
Schumacher European Ltd. 2017-04-10 - Add-on Acquisition
Phoenix, Arizona · www.schumachermb.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 13 (48%) - - -
Retail 10 (37%) - - -
Distribution 3 (11%) 200M (100%) - -
Business Services 1 (4%) - - -
Total 27 $200M - -

By Geo

State/Country Buy Value Sell Value
United States 19 - - -
  Pennsylvania 2 - - -
  New Jersey 2 - - -
  Michigan 2 - - -
  Wisconsin 1 - - -
  Virginia 1 - - -
  Texas 1 - - -
  Oregon 1 - - -
  Oklahoma 1 - - -
  Ohio 1 - - -
  New York 1 - - -
  Missouri 1 - - -
  Indiana 1 - - -
  Connecticut 1 - - -
  Arizona 1 - - -
United Kingdom 3 - - -
Australia 2 200M - -
Canada 2 - - -
  Ontario 1 - - -
  Manitoba 1 - - -
Japan 1 - - -
Domestic 19 (70%) - - -
Cross-border 8 (30%) 200M (100%) - -
Total 27 $200M - -

Deal Values

buy # Total
$100M to $1B 1 $200M
TOTAL $200M
Largest Western Star Trucks Australia Pty Ltd.
$200M (2013-08-30)

M&A Connections

Deals
Acquired from
Strategic(s)
15%
4 (15%)

Company Summary

SECTOR

Retail

Revenue

29,527   7% 2023
27,815   9% 2022
25,555   25% 2021
20,444   12% 2020
23,179   2% 2019
22,785   7% 2018
21,387   7% 2017
20,119   5% 2016
19,285   13% 2015
17,177   2014
12,902   2012
(millions of USD) Show More Show Less

Employees

28,500

Established

1990

Public

NYSE: PAG

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