Penske Automotive Group, Inc. (NYSE: PAG) announced that it has acquired BMW/MINI of Escondido, along with a collision repair center, located in Escondido, California. The acquired dealership and collision center are located in the Escondido Auto Mall, where the company currently operates dealerships featuring the Acura, Audi, Honda, and Mazda brands. The acquisition is expected […]
Penske Automotive Group Acquires Three BMW MINI Dealerships and a Collison Repair Center in the UK
Penske Automotive Group, Inc. (NYSE:PAG) today announced that its U.K. subsidiary, the Sytner Group, has acquired three BMW MINI dealerships and a collision repair 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 […]
Penske Automotive Group Acquires BMW Dealership in Michigan
Penske Automotive Group, Inc. (NYSE:PAG) announced that it has acquired Erhard BMW of Bloomfield, located in Bloomfield Hills, Mich., representing the company’s 48th BMW dealership world-wide. Commenting on the acquisition, President Rob Kurnick said, “This dealership has a strong legacy of serving BMW enthusiasts in the metropolitan Detroit market for over 50 years. We are […]
Penske Automotive Acquisition of Kansas City Freightliner Includes Collision Repair Centers in Kansas and Missouri
Penske Automotive Group, Inc. (NYSE:PAG) and Premier Truck Group (PTG), its wholly-owned commercial vehicle subsidiary, have completed the acquisition of Kansas City Freightliner (KCFL), a retailer of medium and heavy-duty commercial trucks. The KCFL acquisition is expected to generate $450 million in annualized revenue, building further scale within Premier Truck Group. The acquisition adds five […]