M&A Deal Summary

Penske Automotive Group Acquires Kansas City Freightliner

On March 4, 2021, Penske Automotive Group acquired automotive company Kansas City Freightliner

Acquisition Highlights
  • This is Penske Automotive Group’s 8th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 15th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-03-04
Target Kansas City Freightliner
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

Kansas City Freightliner

Kansas City, Missouri, United States
Kansas City Freightliner is a retailer of medium and heavy-duty commercial trucks. Kansas City Freightliner is based in Kansas City, Missouri.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Penske Automotive Group

Bloomfield Hills, Michigan, United States

Category Company
Founded 1990
Sector Retail
Employees28,900
Revenue 30.5B USD (2024)
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 20 of 27
Sector: Automotive M&A 8 of 13
Type: Add-on Acquisition M&A Deals 15 of 22
State: Missouri M&A 1 of 1
Country: United States M&A 15 of 19
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 The Car People

Wakefield, United Kingdom

The Car People Ltd. is a provider of high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience. The Car People was founded in 1999 and is based in Wake field, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 McCoy Freightliner

Portland, Oregon, United States

McCoy Freightliner is a full-service Freightliner, Western Star, and Sprinter van dealership with four locations in the Pacific Northwest. It offers a large selection of new and pre-owned trucks, Elite Support qualified service departments, and an extensive heavy-duty truck parts inventory. McCoy Freightliner was formed in 2007 and is based in Portland, Oregon.

Buy -