NYSE:PAG | Jotup

PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN THE UNITED KINGDOM

Retrieved on:

Friday, April 1, 2022

BLOOMFIELD HILLS, Mich., April 1, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its U.K. subsidiary ("Sytner Group") has acquired three BMW MINI dealerships and a collision center in the U.K. The acquired dealerships are located in South East England, north of London, complementing the existing presence of 32 BMW MINI franchises operated by the company in the U.K. market.

Key Points:

Year-to-date 2022, Penske Automotive Group has added approximately $550 million in annualized revenue through acquisitions and open points.
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers.
These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, and other uncertainties, which could affect Penske Automotive Group's future performance.
This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.

Paralyzed Veterans of America received over $1 million donation from long-time partner Penske Automotive Group

Retrieved on:

Wednesday, March 23, 2022

WASHINGTON, March 23, 2022 /PRNewswire/ -- Paralyzed Veterans of America – the nation's premier nonprofit of choice for disabled veterans, their families, and caregivers – today announced it received a donation of more than $1 million from long-time partner and veteran supporter Penske Automotive Group. The amount includes donations from Penske Automotive Group and Premier Truck Group, alongside a company match of $500,000.

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"The entire PVA Family to include our members, volunteers, and staff across the U.S. cannot thank Penske Automotive Group, Penske Truck Group, their employees, and generous customers enough for their heartfelt donations and ongoing support," said Charles Brown, national president of Paralyzed Veterans of America.
Penske Automotive Group has raised more than $7 million since becoming a PVA partner in 2015.
Please visit PVA.org/PAGServes or contact a Penske Automotive Group dealership to learn more about their Service Matters campaign.
Penske Automotive Group, Inc., (NYSE:PAG) headquartered inBloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers.

PENSKE AUTOMOTIVE GROUP ACQUIRES TEAM TRUCK CENTRES IN ONTARIO, CANADA

Retrieved on:

Monday, February 28, 2022

BLOOMFIELD HILLS, Mich., Feb. 28, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired TEAM Truck Centres ("TEAM"), a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario, Canada. The acquisition is expected to generate approximately $150 million in annualized revenue, building further scale within the Company's wholly-owned Premier Truck Group ("PTG") subsidiary.

Key Points:

BLOOMFIELD HILLS, Mich., Feb. 28, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired TEAM Truck Centres ("TEAM"), a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario, Canada.
TEAM has been operating in southwest Ontario, Canada for over 45 years and is one of the largest and most-well-respected commercial truck dealerships in Canada.
Commenting on the acquisition, PTG President Richard Shearing said, "We are thrilled to welcome TEAM Truck Centres to Premier Truck Group.
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers.