Penske Automotive Group Inc. in Bloomfield Township has signed an agreement to acquire Lexus of Orlando and Lexus of Winter Park, both located in metro Orlando, Fla.
Terms of the acquisitions were not disclosed. The two dealerships are expected to add $450 million in annualized revenue.
“The acquisition of these premier Lexus dealerships represents another strategic addition to the Penske Automotive Group portfolio,” says Rich Shearing, North American operations officer for Penske Automotive Group.
“The acquired dealerships will expand the company’s scale in one of the fastest growing states in the country while leveraging the company’s existing infrastructure in central Florida.”
Closing of the transaction is expected to occur during the first quarter of 2026 and is subject to customary conditions. The company expects to fund the purchase price using cash flow from operations and availability under its U.S. credit agreement.
Penske Automotive Group is a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia, and is one of the largest retailers of commercial trucks in North America for Freightliner.
For more information visit penskeautomotive.com.
