Penske Automotive Acquires BMW Of Wilmington Aand Porsche Wilmington Dealerships; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive has acquired BMW of Wilmington and Porsche Wilmington dealerships. The acquisitions are expected to generate an annualized revenue of approximately $140 million. No financial terms of the deal were disclosed.
August 11, 2023 | 11:01 am
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Penske Automotive's acquisition of BMW of Wilmington and Porsche Wilmington dealerships is expected to boost its annualized revenue by $140 million.
The acquisition of the BMW and Porsche dealerships by Penske Automotive is a positive development for the company. It is expected to generate an additional $140 million in annualized revenue, which could potentially boost the company's overall financial performance and, in turn, its stock price.
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