M&A Deal Summary

Penske Automotive Group Acquires The Around The Clock Freightliner Group

On November 4, 2014, Penske Automotive Group acquired retailer The Around The Clock Freightliner Group

Acquisition Highlights
  • This is Penske Automotive Group’s 8th transaction in the Retail sector.
  • This is Penske Automotive Group’s 9th transaction in the United States.
  • This is Penske Automotive Group’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2014-11-04
Target The Around The Clock Freightliner Group
Sector Retail
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

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.

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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 11 of 27
Sector (Retail) 8 of 10
Type (Add-on Acquisition) 8 of 22
State (Oklahoma) 1 of 1
Country (United States) 9 of 19
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 MTU Detroit Diesel Australia Pty

Altona North,, Australia

MTU-DDA is a major distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Schneider Nelson Auto Group

West Long Branch, New Jersey, United States

Schneider Nelson Auto Group is an automotive dealer.

Buy -
Mergr

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