M&A Deal Summary

Penske Automotive Group Acquires McCoy Freightliner

On November 16, 2021, Penske Automotive Group acquired automotive company McCoy Freightliner

Acquisition Highlights
  • This is Penske Automotive Group’s 9th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 16th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Oregon.

M&A Deal Summary
Date 2021-11-16
Target McCoy Freightliner
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

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.

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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 21 of 27
Sector (Automotive) 9 of 13
Type (Add-on Acquisition) 16 of 22
State (Oregon) 1 of 1
Country (United States) 16 of 19
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 TEAM Truck

London, Ontario, Canada

TEAM Truck is a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario, Canada.

Buy -
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