Penske Agrees to Acquire Kansas City Freightliner
Penske Automotive Group Inc. announced it entered into an agreement to acquire Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks.
Penske expects the acquisition is to generate $450 million in annual revenue, and build further scale within its Premier Truck Group subsidiary.
Freightliner is a brand of Daimler Trucks North America.
Kansas City Freightliner, based in Missouri, will add five full-service dealerships, four parts and service centers, and two collision centers located in Kansas and Missouri to its existing operations.
Premier Truck Group operates 25 North American commercial truck dealerships located in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho and Ontario, Canada.
Penske Automotive Announces Agreement to Acquire Kansas City Freightliner
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Penske Automotive Announces Agreement to Acquire Kansas City Freightliner
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Operator
Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group Fourth Quarter 2020 Earnings Conference Call. Today s call is being recorded and will be available for replay approximately one hour after completion through February 17, 2021 on the company s website under the Investors tab at www.penskeautomotive.com.
I will now introduce Anthony Pordon, the company s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.
Anthony R. Pordon
Executive Vice President of Investor Relations and Corporate Development
Thank you, Regina. Good afternoon everyone and thank you for joining us today. A press release detailing Penske Automotive Group s fourth quarter 2020 financial results was issued this morning and is posted on our website, along with a presentation designed to assist you in understanding the company s results. As always, I m available by email or phone for any follow-up questions you may have. Joining me for
Penske: 4Q Earnings Snapshot - 9 & 10 News
9and10news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9and10news.com Daily Mail and Mail on Sunday newspapers.