M&A Deal Summary

Penske Automotive Group Acquires Western Star Trucks Australia Pty

On August 30, 2013, Penske Automotive Group acquired distribution company Western Star Trucks Australia Pty from Cleanaway for 200M USD

Acquisition Highlights
  • This is Penske Automotive Group’s 2nd transaction in the Distribution sector.
  • This is Penske Automotive Group’s largest (disclosed) transaction.
  • This is Penske Automotive Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2013-08-30
Target Western Star Trucks Australia Pty
Sector Distribution
Buyer(s) Penske Automotive Group
Sellers(s) Cleanaway
Deal Type Divestiture
Deal Value 200M USD

Target

Western Star Trucks Australia Pty

Wacol,, Australia
website
Western Star Trucks Australia Pty Ltd a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia.

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Buyer(S) 1

Buyer

Penske Automotive Group

Bloomfield Hills, Michigan, United States

website

Category Company
Founded 1990
Sector Retail
Employees23,000
Revenue 27.8B USD (2022)
DESCRIPTION
Entrance to Penske Automotive Group's headquarters in Bloomfield Hills, Michigan.
Entrance to Penske Automotive Group's headquarters in Bloomfield Hills, Michigan.

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.

DEAL STATS #
Overall 8 of 25
Sector (Distribution) 2 of 3
Type (Divestiture) 2 of 4
Country (Australia) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 BMW Center of Excellence

United States

BMW Center of Excellence operate on six acres with 48,000 square feet of facilities, 49 service bays and over 500 spaces for customer and inventory parking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 BMW of Greenwich

Greenwich, Connecticut, United States

BMW of Greenwich operates as a dealer of new or pre-owned BMW cars.

Buy -

Seller(S) 1

SELLER

Cleanaway

Melbourne, Australia

website

Category Company
Founded 2002
Sector Environmental
Employees6,000
Revenue 2.3B AUD (2020)
DESCRIPTION

Cleanaway provider of waste management solutions. Customers include municipalities, small and large businesses and other waste companies, and the types of waste handled include solid, liquid, hazardous and oil waste, as well as the provision of industrial cleaning solutions. Cleanaway was founded in 2002 and is based in Melbourne, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Tox Free Solutions

Osborne Park, Australia

Tox Free Solutions Ltd. is a provider of industrial waste management solutions in Australia. The company has three-segment of business: Technical and Environmental Services, Industrial Services, and Waste Services. Tox Free Solutions was formed in 2000 and is based in Osborne Park, Australia.

Buy AU$671M
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