M&A Deal Summary

Penske Automotive Group Acquires Mercedes-Benz of Nanuet

On May 30, 2001, Penske Automotive Group acquired retailer Mercedes-Benz of Nanuet

Acquisition Highlights
  • This is Penske Automotive Group’s 3rd transaction in the Retail sector.
  • This is Penske Automotive Group’s 3rd transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in New York.

M&A Deal Summary
Date 2001-05-30
Target Mercedes-Benz of Nanuet
Sector Retail
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

Mercedes-Benz of Nanuet

Nanuet,, New York, United States
Mercedes-Benz of Nanuet markets and distributes old and new Mercedes-Benz motor vehicles.

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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 3 of 27
Sector (Retail) 3 of 10
Type (Add-on Acquisition) 3 of 22
State (New York) 1 of 1
Country (United States) 3 of 19
Year (2001) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-13 HBL

Vienna,, Virginia, United States

HBL Inc. sells new and pre-owned cars such as Audi, Maybach, Mercedes-Benz, and Porsche.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-26 Tulsa Auto Collection

United States

The Tulsa Auto Collection consists of seven dealerships representing the Ford, Lincoln/Mercury, Jaguar and Mazda brands, sell new and used vehicles, and market a complete line of after-market automotive products and services.

Buy -
Mergr

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