M&A Deal Summary

Penske Automotive Group Acquires Schneider Nelson Auto Group

On November 17, 2015, Penske Automotive Group acquired automotive company Schneider Nelson Auto Group

Acquisition Highlights
  • This is Penske Automotive Group’s 1st transaction in the Automotive sector.
  • This is Penske Automotive Group’s 10th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-11-17
Target Schneider Nelson Auto Group
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

Schneider Nelson Auto Group

West Long Branch, New Jersey, United States
Schneider Nelson Auto Group is an automotive dealer.

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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 12 of 27
Sector (Automotive) 1 of 13
Type (Add-on Acquisition) 9 of 22
State (New Jersey) 1 of 2
Country (United States) 10 of 19
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 The Around The Clock Freightliner Group

Oklahoma City, Oklahoma, United States

The Around The Clock Freightliner Group LLC engages in the sale and service of new and used medium and heavy duty trucks. The Around The Clock Freightliner Group was formed in 1977 and is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Nicole Group

Japan

Nicole Group is a luxury dealership group with operations in Kanagawa and Tokyo, Japan. The Nicole dealership group operates four BMW and three MINI dealerships, a Rolls-Royce and a Ferrari dealership along with two stand-alone service centers and two pre-owned showrooms. The Nicole Group is also the exclusive importer and distributor of BMW Alpina vehicles for Japan.

Buy -