Market Overview

Penske Buys BMW/Mini Dealerships; Sees Added $125M in Yearly Revenue

Related PAG
Penske Automotive Appoints Kanji Sasaki New Director
Top 4 Stocks In The Auto Dealerships Industry With The Highest Dividend Yield

Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today announced that the Company has acquired Savage BMW/MINI of Ontario, located in Ontario, California. Savage BMW/MINI of Ontario is ranked in the top twenty-five percent of BMW dealerships in the United States according to new unit volume. The acquired dealerships are expected to contribute approximately $125 million in annualized revenue.

Posted-In: News Guidance Asset Sales

 

Most Popular

Related Articles (PAG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters