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Announced

Penske Automotive Group to acquire Bill Brown Ford.

Synopsis

Penske Automotive Group, an international transportation services company operating automotive dealerships, agreed to acquire Bill Brown Ford, an automotive dealership in Michigan. Financial terms were not disclosed. "We are pleased to expand our retail automotive footprint in the Midwestern U.S. and our relationship with Ford. For decades, Bill Brown Ford has been building partnerships within its community by creating an environment that focuses on exceeding the expectations of its customers and empowering its employees. We look forward to cultivating those partnerships and welcome the employees of Bill Brown Ford to the Penske Automotive Group team," Rich Shearing, Penske Automotive Group North American Operations Officer

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