Expands North American Operations to New Market Area in Manitoba
Adds $180 Million in Expected Annualized Revenue
BLOOMFIELD HILLS, Mich., June 5, 2023 /CNW/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired Transolutions Truck Centres ("TSTC"), a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada. With this acquisition, Premier Truck Group, the Company's wholly-owned commercial truck subsidiary, continues to expand and complement its operations in Canada by establishing a presence in an additional Canadian province.
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