Acquiring Company
Mitsui & Co., Ltd.
Acquired Company
Penske Automotive
Japan
Bloomfield HillsEnergyOil And GasInvestment ManagementHardwareOil And GasTransportationAutomotiveMotor Vehicle ManufacturingDescription
Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. Mitsui committed up to US$1.6 billion in equity financing and Penske up to US$600 million. Upon completion, ownership is expected to be approximately 36 percent Mitsui and 64 percent Penske, subject to approvals and closing conditions, with completion expected in the last quarter of fiscal year ending March 2027.
Quick answer
Mitsui & Co., Ltd. is acquiring Penske Automotive, announced October 15, 2026. Mitsui & Co., Ltd. is based in Japan.
- How much did Mitsui & Co., Ltd. pay for Penske Automotive?
- The deal value was not disclosed.
- What does Mitsui & Co., Ltd. do?
- Mitsui & Co., Ltd. is a global trading and investment company with a diverse business portfolio that spans various industry sectors, including Energy, Metals, Machinery, Chemicals, Food, and Consumer Services.
- Where are Mitsui & Co., Ltd. and Penske Automotive based?
- Mitsui & Co., Ltd. is based in Japan. Penske Automotive is based in Bloomfield Hills, Michigan, United States.
- Who are the decision-makers at Mitsui & Co., Ltd?
- Fundz holds 1 contact at Mitsui & Co., Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Penske Automotive Group to go private via Penske & Mitsui (October 15, 2026)
- Motown Acquisition to buy Penske Automotive Group (October 16, 2026)
- Palmdale Oil acquires Tri-County Oil Distributors (November 9, 2026)
- Palmdale Propane acquires Affordable Gas (October 28, 2026)
- International Seaways acquires Bruton Limited (October 16, 2026)
- Ampol to acquire Evie Networks for EV expansion (October 5, 2026)
Who to call at Mitsui & Co., Ltd., and when
When Mitsui & Co., Ltd. changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Mitsui & Co., Ltd. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mitsui & Co., Ltd., from your own LinkedIn network
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Related People
Frequently asked
Who acquired Penske Automotive?
Penske Automotive was acquired by Mitsui & Co., Ltd., based in Japan. The deal was reported on October 15, 2026. Mitsui & Co., Ltd. is a global trading and investment company with a diverse business portfolio that spans various industry sectors, including Energy, Metals, Machinery, Chemicals, Food, and Consumer Services. Mitsui & Co., Ltd. is privately held and operates in Energy.
When did Mitsui & Co., Ltd. acquire Penske Automotive?
Mitsui & Co., Ltd.'s acquisition of Penske Automotive was reported on October 15, 2026. Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. 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.
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