MergerLinks Header Logo

Announced

Completed

Penske Automotive Group completed the acquisition of TEAM Truck Centres.

Synopsis

Penske Automotive Group, a transportation services company and automotive and commercial truck retailer, completed the acquisition of TEAM Truck Centres, a retailer of medium and heavy-duty commercial trucks. Financial terms were not disclosed. "We are thrilled to welcome TEAM Truck Centres to Premier Truck Group. These new locations are complementary to our existing locations in Ontario, improve our scalability, and increase our ability to service trucks remotely through TEAM Truck Centres mobile product support vehicles," Richard Shearing, Penske Automotive Group President.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US