M&A Deal Summary

Penske Automotive Group Acquires River States Truck and Trailer

On June 10, 2024, Penske Automotive Group acquired automotive company River States Truck and Trailer

Acquisition Highlights
  • This is Penske Automotive Group’s 12th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 18th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2024-06-10
Target River States Truck and Trailer
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

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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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 26 of 27
Sector (Automotive) 12 of 13
Type (Add-on Acquisition) 21 of 22
State (Wisconsin) 1 of 1
Country (United States) 18 of 19
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Rybrook Automotive

Warwick, United Kingdom

Rybrook Automotive is a privately owned new and used car dealer groups, with individual dealerships representing most major specialist and luxury franchises. Rybrook Automotive was founded in 1937 and is based in Warwick, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 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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