Penske Automotive Group, Inc., a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, has acquired Transolutions Truck Centres, a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba.
With this acquisition, Premier Truck Group, the Company’s wholly-owned commercial truck subsidiary, continues to expand and complement its operations in Canada by establishing a presence in an additional Canadian province.
TSTC consists of five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts and service centres.
TSTC sells and services Freightliner Trucks, Western Star Trucks and Thomas Built Buses, and is the licensed dealer for SelecTrucks, Daimler Truck’s used vehicle brand, for the entire territory of Manitoba.
The TSTC acquisition is expected to add 73 service bays, 59 technicians and approximately 200 new members to the Premier Truck Group team.
The acquisition is expected to generate approximately $180 million in annualized revenue. With the inclusion of the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America.
Commenting on the acquisition, Premier Truck Group President Ron Long said, “We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centres has built a strong legacy of providing quality service to customers across Manitoba. We look forward to continuing their legacy and welcome TSTC to the Premier Truck Group team.”
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, 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, and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner.
PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 27,000 people worldwide.
Additionally, PAG owns 28.9% of Penske Transportation Solution, a business that employs over 43,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 419,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers.
PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company’s website at www.penskeautomotive.com.
About Premier Truck Group
Premier Truck Group is an international medium-duty and heavy-duty commercial truck dealership group headquartered in Dallas, Texas. The company has locations throughout Texas, Oklahoma, Oregon, Utah, Idaho, Kansas, Missouri, Tennessee and Georgia in the United States and in Ontario and Manitoba, Canada, and offers a premium selection of new Freightliner and Western Star commercial vehicles, a large selection of previously owned commercial trucks and a full suite of maintenance and repair services.
Premier Truck Group also offers a wide selection of retail parts and accessories. Premier Truck Group is a subsidiary of Penske Automotive Group. For additional information, visit the company’s website at www.premiertruck.com