Penske Acquires Canadian Truck Dealer Group
Penske's Premier Truck Group subsidiary has completed its acquisition of Harper Truck Centres' five commercial truck dealerships in Toronto. The acquired stores are expected to generate approximately $130 million in annualized revenue for Penske Automotive.
BLOOMFIELD HILLS, Mich. — Penske Automotive Group announced this week that its Premier Truck Group subsidiary has completed the acquisition of Harper Truck Centres — a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group located in Ontario, Canada.
All located in Toronto, the five Harper Truck Centres’ dealerships are expected to generate approximately $130 million in annualized revenue for Penske Automotive Group, according to the company.
"This is an outstanding acquisition for our business and complements our partnership with the Freightliner and Western Star brands," said Roger Penske, chairman of Penske Automotive Group. "Daimler Trucks North America has a strong market share and presence in the Canadian marketplace, providing a solid foundation for the future growth of our business."
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