Penske Automotive Buys Bill Brown Ford-February 2024-www.financetom.com

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Penske Automotive Buys Bill Brown Ford

Jul 16, 2024 4:39 AM

07:28 AM EDT, 07/16/2024 (MT Newswires) -- Penske Automotive Group ( PAG ) said Tuesday it has acquired Bill Brown Ford in southeastern Michigan.

The deal will likely add roughly $550 million worth of annualized revenue, the company said.

The transaction involves the acquisition of more than 200,000 square feet of existing facilities across 29 acres, including a collision center and a fleet maintenance center, Penske Automotive ( PAG ) added.

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