Penske (PAG) Buys Bill Brown Ford to Expand Retail Operations

Penske is riding high on strategic acquisitions. Last year, the company completed acquisitions that added more than $340 million in annualized revenues. The acquisition of Rybrook Group, completed in January 2024, is likely to add $1 billion to the company's annualized revenues. The acquisition of two Porsche dealerships in Australia, completed in June, is expected to add $130 million to PAG's annualized revenues. The acquisition of River States Truck and Trailer, Inc., also completed in June, is expected t ...