Announced
Completed
Financials
Sources
Tags
truck retailer
Majority
Friendly
Acquisition
Completed
Single Bidder
Domestic
Private
United States
Specialty Retailers
Synopsis
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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