M&A Deal Summary

Penske Automotive Group Acquires Schumacher European

On April 10, 2017, Penske Automotive Group acquired automotive company Schumacher European

Acquisition Highlights
  • This is Penske Automotive Group’s 6th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 14th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2017-04-10
Target Schumacher European
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

Schumacher European

Phoenix, Arizona, United States
Schumacher European Ltd. is a Mercedes-Benz and Sprinter dealership in Phoenix, Arizona. This new dealership is located contiguous to the company's Scottsdale 101 Auto Collection which currently represents fifteen franchises.

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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 18 of 27
Sector (Automotive) 6 of 13
Type (Add-on Acquisition) 13 of 22
State (Arizona) 1 of 1
Country (United States) 14 of 19
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Prestige Family of Fine Cars - Jaguar and Land Rover Dealerships

Paramus, New Jersey, United States

Prestige Family of Fine Cars - Jaguar and Land Rover Dealerships is an own and operator of automotive dealerships.

Buy -
FOLLOWING 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 -
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