Acquiring Company
Penske
Acquired Company
Penske Automotive
MichiganBloomfield HillsTransportationAutomotiveLogisticsFleet ManagementHardwareOil And GasTransportationAutomotiveMotor Vehicle ManufacturingDescription
Penske Automotive Group has announced its agreement to be taken private by Penske Corporation and Mitsui & Co. Shareholders will receive $212.00 per share in cash, valuing the company at approximately $16.3 billion. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and shareholder vote.
Quick answer
Penske is acquiring Penske Automotive, announced October 15, 2026. Penske is based in Michigan, United States.
- How much did Penske pay for Penske Automotive?
- The deal value was not disclosed.
- What does Penske do?
- Penske Corporation is a diversified transportation services company that operates in various sectors including automotive retail, logistics, and motorsports.
- Where are Penske and Penske Automotive based?
- Penske is based in Michigan, United States. Penske Automotive is based in Bloomfield Hills, Michigan, United States.
- Who are the decision-makers at Penske?
- Fundz holds 2 contacts at Penske. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Transportation and Automotive
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- International Seaways acquires Bruton Limited (October 16, 2026)
- B&H Worldwide acquires Founders Logistics (November 9, 2026)
- Motown Acquisition to buy Penske Automotive Group (October 16, 2026)
- Mitsui agrees to merge with Penske Automotive (October 15, 2026)
- C.H. Robinson to acquire RXO in logistics move (October 5, 2026)
- THEL Midlands acquires Trans Haul for £170,000, $222K (September 11, 2026)
Who to call at Penske, and when
When Penske changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Penske raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Penske, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Penske. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Penske makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Penske Automotive?
Penske Automotive was acquired by Penske, based in Michigan. The deal was reported on October 15, 2026. Penske Corporation is a diversified transportation services company that operates in various sectors including automotive retail, logistics, and motorsports. Penske is privately held and operates in Transportation.
When did Penske acquire Penske Automotive?
Penske's acquisition of Penske Automotive was reported on October 15, 2026. Penske Automotive Group has announced its agreement to be taken private by Penske Corporation and Mitsui & Co. Shareholders will receive $212.00 per share in cash, valuing the company at approximately $16.3 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penske Automotive do?
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. It is publicly traded (PAG), operating in Hardware, and is based in Bloomfield Hills.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.