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.
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.