Penske Automotive Group acquired Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks. The acquisition is expected to generate $450 million in annualized revenue and will expand Penske’s commercial vehicle subsidiary, Premier Truck Group.
The acquisition adds five full-service dealerships, four parts and service centers, and two collision centers located in Kansas and Missouri to the company's existing operation.
“KCFL is a natural extension of our existing business as we can offer an expanded service area to both our customer base and KCFL's existing customers,” said PTG President Richard Shearing in a press release.
PTG now operates thirty North American commercial truck dealerships located in Georgia, Idaho, Kansas, Missouri, Oklahoma, Tennessee, Texas, Utah, and Ontario, Canada. The locations are expected to generate about 20,000 annualized new and used unit sales and annualized revenue of about $2.5 billion, company officials said.