M&A Deal Summary

Penske Automotive Group Acquires Terry Lee Hyundai

On May 3, 2022, Penske Automotive Group acquired automotive company Terry Lee Hyundai

Acquisition Highlights
  • This is Penske Automotive Group’s 10th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 17th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-05-03
Target Terry Lee Hyundai
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition
Advisor(s) The Presidio Group (Financial)
Mallor Grodner (Legal)

Target

Terry Lee Hyundai

Noblesville, Indiana, United States
Terry Lee Hyundai is a large inventory of new, used, and Certified Pre-Owned cars, trucks, crossovers, and SUVs.

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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 23 of 27
Sector (Automotive) 10 of 13
Type (Add-on Acquisition) 18 of 22
State (Indiana) 1 of 1
Country (United States) 17 of 19
Year (2022) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Transolutions Truck Centres

Winnipeg, Manitoba, Canada

Transolutions Truck Centres is a retailer of medium and heavy-duty commercial trucks and buses. Transolutions Truck Centres is based in Winnipeg, Manitoba.

Buy -
Mergr

Product

Company

Legal