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Penske Automotive Group to Go Private in $210-Per-Share Buyout

Penske Automotive Group said Thursday it accepted a takeout offer from Penske Corp and Mitsui & Co., moving the publicly-traded company into private ownership. The deal values the remaining 27.8% stake at $210 per share, representing a 20.17% premium to the company's 90-day weighted average stock price as of mid-July. Penske Corp will own 64% of Penske Automotive following the transaction. The automotive retailer generated $27.5 billion in revenue during 2025 across dealership operations, with an additional $3.4 billion from commercial truck sales and $922.6 million in vehicle distribution. Premier Truck Group, the company's truck dealership arm, specializes in Freightliner and Western Star vehicles manufactured by Daimler Truck. Penske Transportation Solutions operates truck leasing, rental, and logistics services including dedicated contract carriage and truckload operations.