M&A Deal Summary

Penske Automotive Group Acquires BMW of Austin

On July 22, 2002, Penske Automotive Group acquired retailer BMW of Austin

Acquisition Highlights
  • This is Penske Automotive Group’s 5th transaction in the Retail sector.
  • This is Penske Automotive Group’s 6th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2002-07-22
Target BMW of Austin
Sector Retail
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

BMW of Austin

Austin,, Texas, United States
BMW of Austin, sell new and used vehicles, and market a complete line of after-market automotive products and services.

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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 6 of 27
Sector (Retail) 5 of 10
Type (Add-on Acquisition) 5 of 22
State (Texas) 1 of 1
Country (United States) 6 of 19
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-25 Nissan of North Olmsted

North Olmsted,, Ohio, United States

Nissan of North Olmsted LLC markets and distributes Nissan cars, trucks, and vans.

Buy -
FOLLOWING 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 -
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