Penske Automotive Agrees To Acquire Rybrook Group Consisting Of 15 Premium Dealerships In UK; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group has agreed to acquire Rybrook Group, which includes 15 premium dealerships in the UK. The acquisition, which represents an estimated annualized revenue of $1 billion, has received certain regulatory approvals and is expected to close in January 2024. The deal will be funded using Penske's existing liquidity.
December 11, 2023 | 11:59 am
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POSITIVE IMPACT
Penske Automotive's acquisition of Rybrook Group's 15 premium dealerships in the UK is expected to significantly boost its revenue by an estimated $1 billion annually.
The acquisition of Rybrook Group is directly related to Penske Automotive and is expected to have a positive impact on its revenue and growth prospects. The deal is significant due to the size of the acquisition and the estimated annualized revenue it represents. The positive impact is based on the assumption that the acquisition will be successfully integrated and will contribute to Penske's financial performance as anticipated.
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