Penske Automotive Acquires Canadian Truck Dealers, Adds $150M in Revenue

Penske Automotive Group Inc., the Bloomfield Township-based international transportation services company, has acquired medium- and heavy-duty truck dealer TEAM Truck Centres, located in Ontario, Canada.
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Penske Automotive Group Inc. has acquired commercial truck dealer TEAM Truck Centres in Ontario, Canada. // Stock Photo
Penske Automotive Group Inc. has acquired commercial truck dealer TEAM Truck Centres in Ontario, Canada. // Stock Photo

Penske Automotive Group Inc., the Bloomfield Township-based international transportation services company, has acquired medium- and heavy-duty truck dealer TEAM Truck Centres, located in Ontario, Canada.

The acquisition is expected to generate approximately $150 million in annualized revenue, building further growth within the company’s wholly owned Premier Truck Group (PTG) subsidiary.

TEAM, which sells Freightliner and Western Star commercial trucks, has been operating in southwest Ontario for more than 45 years and is one of the largest commercial truck dealerships in Canada.

TEAM adds four full-service dealerships in Ontario (Cambridge, London, Sarnia, and Windsor) to Premier Truck Group’s existing operations, bringing the company’s commercial truck dealership operations to 11 locations in Canada.

“We are thrilled to welcome TEAM Truck Centres to Premier Truck Group,” says Richard Shearing, president of PTG. “These new locations are complementary to our existing locations in Ontario, improve our scalability, and increase our ability to service trucks remotely through TEAM Truck Centres mobile product support vehicles.”

PTG now operates 41 North American commercial truck locations in Texas, Oklahoma, Oregon, Tennessee, Georgia, Kansas, Missouri, Utah, Idaho, and Ontario, which generate nearly $3 billion in aggregate annual revenue.

To read a profile of Penske Automotive Group founder and chairman Roger Penske, from the pages of DBusiness magazine, visit here.

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