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New Deal


Announced

Completed

Penske Automotive Group completed the acquisition of McCoy Freightliner.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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truck retailer

Majority

Friendly

Acquisition

Completed

Single Bidder

Domestic

Private

United States

Specialty Retailers

Synopsis

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Penske Automotive Group, a diversified international transportation services company, completed the acquisition of McCoy Freightliner, a retailer of medium and heavy-duty commercial trucks. Financial terms were not disclosed. The McCoy acquisition is expected to generate approximately $200m in annualized revenue, building further scale within the company's wholly-owned Premier Truck Group subsidiary.

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