Premier Truck Group Acquires River States Truck And Trailer; Terms Of The Transaction Not Disclosed; Expected To Add $200M In Estimated Annualized Revenue
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Premier Truck Group, a subsidiary of Penske Automotive Group (NYSE:PAG), has acquired River States Truck and Trailer, Inc. The acquisition is expected to add $200 million in estimated annualized revenue and expand operations in Wisconsin and Minnesota.
June 10, 2024 | 6:57 pm
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Penske Automotive Group (NYSE:PAG) has announced that its subsidiary, Premier Truck Group, has acquired River States Truck and Trailer, Inc. This acquisition is expected to add $200 million in estimated annualized revenue and expand operations into new markets in Wisconsin and Minnesota.
The acquisition by Premier Truck Group, a subsidiary of Penske Automotive Group, is expected to significantly boost PAG's revenue by $200 million annually. The expansion into new markets in Wisconsin and Minnesota is likely to enhance PAG's market presence and operational scale.
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