M&A Deal Summary

Penske Automotive Group Acquires BMW of Greenwich

On March 13, 2014, Penske Automotive Group acquired retailer BMW of Greenwich

Acquisition Highlights
  • This is Penske Automotive Group’s 7th transaction in the Retail sector.
  • This is Penske Automotive Group’s 8th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2014-03-13
Target BMW of Greenwich
Sector Retail
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

BMW of Greenwich

Greenwich, Connecticut, United States
BMW of Greenwich operates as a dealer of new or pre-owned BMW cars.

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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 9 of 27
Sector (Retail) 7 of 10
Type (Add-on Acquisition) 7 of 22
State (Connecticut) 1 of 1
Country (United States) 8 of 19
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 Western Star Trucks Australia Pty

Wacol,, Australia

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.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 MTU Detroit Diesel Australia Pty

Altona North,, Australia

MTU-DDA is a major distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry.

Buy -