M&A Deal Summary

Penske Automotive Group Acquires Bill Brown Ford

On July 16, 2024, Penske Automotive Group acquired automotive company Bill Brown Ford

Acquisition Highlights
  • This is Penske Automotive Group’s 13th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 19th transaction in the United States.
  • This is Penske Automotive Group’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2024-07-16
Target Bill Brown Ford
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

Bill Brown Ford

Livonia, Michigan, United States
Bill Brown Ford offers a wide range of new and used Ford vehicles, including popular models like the Ford F-150, Ford Escape, and the electric Ford Mustang Mach-E. Bill Brown Ford was founded in 1935 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

Penske Automotive Group

Bloomfield Hills, Michigan, United States
Category Company
Founded 1990
Sector Retail
Employees28,500
Revenue 29.5B USD (2023)
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 27 of 27
Sector (Automotive) 13 of 13
Type (Add-on Acquisition) 22 of 22
State (Michigan) 2 of 2
Country (United States) 19 of 19
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 River States Truck and Trailer

La Crosse, Wisconsin, United States

River States Truck and Trailer is a Heavy duty truck dealership that operates five facilities strategically located in western Wisconsin and eastern Minnesota along the key trucking lanes of Interstates 90 and 94, between Chicago and Minneapolis. River States Truck and Trailer was founded in 1977 and is based in La Crosse, Wisconsin.

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