Penske Automotive Group Acquires Transolutions Truck Centres
June 5, 2023
Penske Automotive Group, through its Premier Truck Group subsidiary, acquired Transolutions Truck Centres (TSTC), a five-location medium- and heavy-duty truck and bus dealership network based in Winnipeg, Manitoba. The deal expands Premier Truck Group's presence into Manitoba, adds approximately $180 million of expected annualized revenue and about 200 employees (including 59 technicians and 73 service bays).
- Targets
- Transolutions Truck Centres (TSTC)
- Platforms
- Premier Truck Group
- Industry
- Trucking & Fleet
- Location
- Manitoba, Canada
- Transaction Type
- Buyout
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