Bloomfield Township-based Penske Automotive Group and its Dallas-based Premier Truck Group have completed the acquisition of Harper Truck Centres, a commercial truck dealership in Ontario, Canada. Harper sells trucks by Western Star, Thomas Built Bus, Fuso, and Daimler Trucks North America (formerly Freightliner).
The acquisition is expected to generate about $130 million in annualized revenue for Penske Automotive Group.
“Daimler Trucks North America has a strong market share and presence in the Canadian marketplace, providing a solid foundation for the future growth of our business,” says Roger Penske, group chairman of Penske Automotive Group.
Harper Truck Centres has five dealership locations in the greater Toronto area and services Highway 401, which stretches more than 500 miles from Windsor to the Quebec border. The highway serves as a major truck route between Buffalo and Detroit.
“This acquisition provides us with immediate scale in the marketplace,” says Richard Shearing, president of Penske’s Premier Truck Group. “Harper Truck Centres has built a strong legacy of providing commercial vehicle sales, service, and support in the Canadian marketplace for more than 20 years.”
Penske’s Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group, has dealerships in Texas, Oklahoma, Tennessee, Georgia, and now, Ontario. The dealerships offer new and used trucks, along with maintenance and repair services.
Overall, Penske Automotive Group operates automotive and commercial truck dealerships in the U.S. and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services in Australia and New Zealand. The company employs more than 22,000 people.â€‹