• Home
  • About Us
  • Parts
  • Services
  • Delivery Routes
  • News
  • Contact
GodfreyBrake@GodfreyBrake.com
(605) 343 5030
Godfrey BrakeGodfrey Brake
  • Home
  • About Us
  • Parts
  • Services
  • Delivery Routes
  • News
  • Contact

Penske to acquire Freightliner dealer group

March 5, 2021 Uncategorized

Penske Automotive Group has entered into an agreement to acquire Kansas City Freightliner.

Penske says the acquisition is expected to generate $450 million in annualized revenue, building further scale within the company’s wholly-owned Premier Truck Group subsidiary. Premier Truck Group currently operates 25 North American commercial truck dealerships located in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho and Ontario, Canada, which generate over $2 billion in annual revenue.

Acquiring KC Freightliner will add five full-service dealerships, four parts and service centers, and two collision centers located in Kansas and Missouri to its existing operations, the company says.

RELATED: Velocity Truck Centers acquires Neely Coble Company

“We are thrilled to welcome Kansas City Freightliner to Premier Truck Group,” says PTG President Richard Shearing. “With its contiguous operating area to existing Premier Truck Group markets, KC Freightliner is a natural extension of our existing business as we can offer an expanded service area to both our customer base and KCFL’s existing customers. 

“Upon completion of this transaction, our PTG business is expected to generate nearly 20,000 new and used unit sales annually and is expected to generate annual revenue of approximately $2.5 billion.”

Penske says closing of the transaction is expected during the second quarter of 2021 and is subject to customary closing conditions.

Share

You also might be interested in

Dorman releases new aftermarket parts

Aug 10, 2022

Dorman has announced the availability of several new products to[...]

Truckworx announces change in ownership

Nov 16, 2021

Kenworth commercial truck dealer Truckworx has announced, as of Oct.[...]

Recall report: NHTSA recalls Navistar and Daimler buses; Great Dane, Mack also announce recalls

Nov 16, 2021

The following safety recalls were issued Monday by the National[...]

Latest Posts

  • Nikola continues to bolster infrastructure, adds California stations
  • Recall report: Paccar recalls 47K trucks for steering issue
  • Liftgate demand set to increase as final mile grabs larger share of freight
  • ATD’s Perrotta to keynote 2022 UTA Convention
  • Parsonex Capital Partners launches credit enhancement facility with Class 8 leasing firm
  • FleetPride nabs Florida distributor, adds three locations
  • Who’s in the news: Our weekly trucking employment report
  • Thermo King all-electric solution earns CARB voucher approval
  • ProMAXX Tool introduces plierpull locking plier adapters
  • Dorman releases new aftermarket parts

CONTACT US

110 Poplar Ave., Rapid City, SD 57701

(605) 343-5030

GodfreyBrake@GodfreyBrake.com

Hours

Monday – Friday
7AM – 5PM

Saturday
8AM – Noon

© Copyright 2025. Godfrey Brake. All Rights Reserved. Powered by ConnectNow.Agency.

Prev Next