M&A Deal Summary

Penske Automotive Group Acquires Transolutions Truck Centres

On June 5, 2023, Penske Automotive Group acquired automotive company Transolutions Truck Centres

Acquisition Highlights
  • This is Penske Automotive Group’s 11th transaction in the Automotive sector.
  • This is Penske Automotive Group’s 2nd transaction in Canada.
  • This is Penske Automotive Group’s 1st transaction in Manitoba.

M&A Deal Summary

Date 2023-06-05
Target Transolutions Truck Centres
Sector Automotive
Buyer(s) Penske Automotive Group
Deal Type Add-on Acquisition

Target

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.

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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 24 of 27
Sector (Automotive) 11 of 13
Type (Add-on Acquisition) 19 of 22
State (Manitoba) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Rybrook Automotive

Warwick, United Kingdom

Rybrook Automotive is a privately owned new and used car dealer groups, with individual dealerships representing most major specialist and luxury franchises. Rybrook Automotive was founded in 1937 and is based in Warwick, United Kingdom.

Buy -