Penske Automotive Group* (NYSE: PAG), today announced that it has acquired Transolutions Truck Centers (TSTC), a retailer of medium- and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada. Premier Truck Group,** PAG’s wholly owned commercial truck subsidiary, continues to expand its operations by establishing a presence in an additional Canadian province. (AutoInformed: Penske Automotive Ups Dividend, Will Buyback More Shares)
“We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba,” said Premier Truck Group President Ron Long.
TSTC currently has five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts & service centers. TSTC sells and services Freightliner Trucks, Western Star Trucks and Thomas Built Buses, and is the licensed dealer for SelecTrucks, Daimler Truck’s used vehicle brand, for the entire territory of Manitoba. The TSTC acquisition is expected to add 73 service bays, 59 technicians and approximately 200 new members to the Premier Truck Group. The acquisition is forecast to add ~$180 million in annual revenue. With the inclusion of the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America.
*Penske Automotive Group, Inc. (NYSE: PAG) with a head office in Bloomfield Hills, Michigan, is a diversified international transportation services company and a large automotive and commercial truck retailer. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and is among the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services mostly in Australia and New Zealand. PAG employs more than 27,000 people worldwide. PAG also owns 28.9% of Penske Transportation Solutions (PTS), a business that employs over 43,000 people worldwide, manages what it describes as one of the largest, most comprehensive and modern trucking fleets in North America with more than 419,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts. PTS says it “provides innovative transportation, supply chain, and technology solutions to its customers.” PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes.
**Premier Truck Group is an international medium-duty and heavy-duty commercial truck dealership group headquartered in Dallas, Texas. The company has locations throughout Texas, Oklahoma, Oregon, Utah, Idaho, Kansas, Missouri, Tennessee and Georgia in the United States and in Ontario and Manitoba, Canada, and offers new Freightliner and Western Star commercial vehicles, a large selection of previously owned commercial trucks and maintenance and repair services. Premier Truck Group also sells retail parts and accessories. As stated, Premier Truck Group is a subsidiary of Penske Automotive Group.
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Penske Automotive Group Buys Transolutions Truck Centers
Penske Automotive Group* (NYSE: PAG), today announced that it has acquired Transolutions Truck Centers (TSTC), a retailer of medium- and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada. Premier Truck Group,** PAG’s wholly owned commercial truck subsidiary, continues to expand its operations by establishing a presence in an additional Canadian province. (AutoInformed: Penske Automotive Ups Dividend, Will Buyback More Shares)
“We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba,” said Premier Truck Group President Ron Long.
TSTC currently has five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts & service centers. TSTC sells and services Freightliner Trucks, Western Star Trucks and Thomas Built Buses, and is the licensed dealer for SelecTrucks, Daimler Truck’s used vehicle brand, for the entire territory of Manitoba. The TSTC acquisition is expected to add 73 service bays, 59 technicians and approximately 200 new members to the Premier Truck Group. The acquisition is forecast to add ~$180 million in annual revenue. With the inclusion of the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America.
*Penske Automotive Group, Inc. (NYSE: PAG) with a head office in Bloomfield Hills, Michigan, is a diversified international transportation services company and a large automotive and commercial truck retailer. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and is among the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services mostly in Australia and New Zealand. PAG employs more than 27,000 people worldwide. PAG also owns 28.9% of Penske Transportation Solutions (PTS), a business that employs over 43,000 people worldwide, manages what it describes as one of the largest, most comprehensive and modern trucking fleets in North America with more than 419,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts. PTS says it “provides innovative transportation, supply chain, and technology solutions to its customers.” PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes.
**Premier Truck Group is an international medium-duty and heavy-duty commercial truck dealership group headquartered in Dallas, Texas. The company has locations throughout Texas, Oklahoma, Oregon, Utah, Idaho, Kansas, Missouri, Tennessee and Georgia in the United States and in Ontario and Manitoba, Canada, and offers new Freightliner and Western Star commercial vehicles, a large selection of previously owned commercial trucks and maintenance and repair services. Premier Truck Group also sells retail parts and accessories. As stated, Premier Truck Group is a subsidiary of Penske Automotive Group.
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.