Jul. 29, 2013, 12:39 PM
- Penske (PAG +0.9%) will pay $200M for the distributor of commercial vehicles, related spare parts and aftermarket support.
- The transaction should close in Q3.
- The deal will bring in $420-460M in annual revenue, will be "$0.10-0.14 accretive on an annualized basis," and will result in $0.02/ share in acquisition costs next quarter.
Jan. 12, 2012, 2:41 PMPenske Automotive (PAG +1.9%) expands its U.K. presence with the acquisition a number of dealerships in Belfast from the Isaac Agnew Group. Terms were not disclosed, but the company says the dealerships are expected to contribute approximately $500M in annualized revenue. | Jan. 12, 2012, 2:41 PM | Comment!
Penske Automotive Group Inc is a transportation services company. It operates automotive and commercial vehicle dealership in the United States and Western Europe & distributes commercial vehicles, diesel engines and related parts.
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