Penske Automotive Group, Inc.

Penske Automotive Group, Inc.

Penske Automotive Group, Inc.

Overview
Date Founded

1992

Headquarters

2555 TELEGRAPH ROAD, BLOOMFIELD HILLS, MI, 48302

Type of Company

Public

Employees (Worldwide)

23K

Industries

Automobiles
Retail: Other
Other Transportation
Consumer Services

Company Description

Penske Automotive Group, Inc. operates as an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other. The Retail Automotive segment consists of retail automotive dealership operations. The Retail Commercial Truck segment is the dealership operations of commercial trucks in the U.S. and Canada. The Other segment is comprised of commercial vehicle and power systems distribution operation and other non-automotive consolidated operations. The Non-Automotive Investments segment is the equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.

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Executives & Employees

Chair of the Board & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Executive Vice President & Chief Information Officer

Chairman of the Sytner Group

President, Premier Truck Group

Senior Vice President & Corporate Controller

Managing Director of the Sytner Group

Board of Directors

Chair of the Board & Chief Executive Officer at Penske Automotive Group, Inc.

Founder at GTT Communications

Co-Founder at Charlesbank Capital Partners LLC

Senior Executive Vice President, Private Client Group & Regional Banking Director & Chairman of Michigan at Huntington Bancshares, Inc.

Former President & Chief Executive Officer at Universal Technical Institute, Inc.

Former President at Equilon Enterprises LLC

Former Chairman & Chief Executive Officer at Bentley Motors Ltd.

Principal at Greg C. Smith LLC

Former Chief Executive Officer at Papa Murphy's International LLC

Former Chairman & Chief Executive Officer, Commercial Banking Group at Bank One Corp.

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Owners & Shareholders
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Burgundy utilizes a value-focused global investment approach that seeks to preserve clients' capital while providing long-term superior investment returns. The firm offers investment strategies across many major asset classes, including but not limited to US large- and small/mid-cap, international, emerging markets and global equities. Burgundy employs a bottom-up investment approach, which focuses on strong business fundamentals and outstanding management teams and aims to reduce the inherent risk in investing. This approach is designed to achieve lower volatility than the market averages. The firm’s investment process is driven by limiting downside through a “margin of safety”. They prefer to invest in companies that are capital rich, but which earn a high return on their financial capital. Companies that have a long history of good profitability, that generate high levels of free cash flow, are the basis of their investment style.

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PMG uses fundamental analysis to analyze stocks and bonds for the investment portfolio. The firm personalizes client portfolios and invests using value-oriented investment strategies. They prefer to hold high quality companies with strong secular growth and strive to remain disciplined on price.

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Founded in 1974, Friess Associates manages the Brandywine Funds family of mutual funds and a wide range of separate portfolios. Instead of aiming to be all things to all investors, growth-equity investing is our sole focus. All of our portfolios follow the same time-tested investment strategy, which emphasizes each company’s ability to influence its share-price performance through earnings growth. We rely on exhaustive, company-by-company research to identify companies with promising earnings-growth potential that has yet to be recognized by the broader investment community. Friess Associates is a research-driven firm. We dedicate our resources to growing the assets entrusted to us rather than to aggressively gathering assets through marketing. We maintain a consistent fee policy that treats the smallest Brandywine shareholder and our biggest institutional client alike. We’re also chefs who eat our own cooking, with Friess Associates employees representing the largest single shareholder group in the Brandywine Funds

Recent Transactions
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Osiris International Trustees Ltd., Sandown Motors Ltd. purchase Sytner Group Ltd /Mercedes-Benz Dealership from Penske Automotive Group, Inc.

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Vertu Motors Plc purchases Goodman Retail Ltd. /4 Volkswagen Car Dealerships from Penske Automotive Group, Inc.

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Penske Automotive Group, Inc. purchases The Around the Clock Freightliner Group LLC from WEC Energy Group, Inc.

Insider Transactions
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Transaction Advisors
Auditor

Advised onPenske Automotive Group, Inc. issued USD Common Stock

Accountant

Advised onPenske Automotive Group, Inc. purchases Sytner Group Ltd.

Selling Group Member

Advised onPenske Automotive Group, Inc. issued USD Common Stock

Legal Advisor

Advised onPenske Automotive Group, Inc. purchases Penske Commercial Vehicles Pty Ltd. from Cleanaway Waste Management Ltd.

Legal Advisor

Advised onPenske Automotive Group, Inc. purchases Penske Truck Leasing Co. LP from General Electric Company, GE Capital Global Holdings LLC

Legal Advisor

Advised onPenske Automotive Group, Inc. purchases Penske Truck Leasing Co. LP from General Electric Company, GE Capital Global Holdings LLC

Advisors & Consultants
Legal Advisor

Partner at Dorsey & Whitney LLP

Legal Advisor

Partner at Kirkland & Ellis LLP

Legal Advisor

Partner at Fried, Frank, Harris, Shriver & Jacobson LLP

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Universal Technical Institute Inc. (UTI) is a nationwide provider of technical education training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Through our nationwide campus-based school system, UTI offers specialized technical education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute (MMI), Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI). We’re the industry’s choice for training because we set the standard for technical education, lifelong learning and employment services. Our Purpose We change the world one life at a time by helping people achieve their dreams—it’s the underlying inspirational reason for our existence and the reason we come to work everyday. And, we realize that people learn in different ways and at different speeds; our staff is employed to help each student learn what’s needed to start a career

TuSimple Holdings, Inc. engages in the operation and development of autonomous trucks. It develops autonomous technology specifically designed for semi-trucks, which build the autonomous freight network in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company was founded by Mo Chen and Xiao Di Hou in 2015 and is headquartered in San Diego, CA.

Key Stats and Financials As of 2020
Market Capitalization
$7.45B
Total Enterprise Value
$12B
Earnings Per Share
$6.74
Revenue
$20.4B
Enterprise Value / Sales
0.59x
Enterprise Value EBITDAOperating
12.72x
TEVNet Income
22.15x
Debt TEV
0.6x
EBITDAMargin
3.69%
Total Equity
$3.33B
Total Debt
$7.28B
EBITDA
$754M
Net Profit
$544M
Three Year Compounded Annual Growth Rate Of Revenue
-1.49%
Non-Profit Donations & Grants
$1,000 - $2,499
2018
Investments
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The Around the Clock Freightliner Group LLC engages in the sale and service of heavy and medium duty trucks and parts. The firm specializes in the sale of medium and heavy duty used trucks. Its products and services include new and used trucks and related parts and services, such as repair, down draft paint, frame straightening, hunter axle alignment, wash and dry, buff and wax, paint touch-up, tank and wheel polishing, aluminum polishing, chrome polishing, engine and window cleaning, vacuuming, shampooing carpets and upholstery and tire and interior dressing. The company was founded by Charles K. Bowen in July 1977 and is headquartered in Oklahoma City, OK.

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Cycle Express LLC provides auction services in the powersports industry. It offers online tools, auction services, lender services, and dealer consignments. The company was founded by Cliff Clifford in 1990 and is headquartered in Poway, CA.

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RideCell, Inc. provides an intelligent software platform that empowers mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets to launch, expand, and maximize the utilization of their own ridesharing, carsharing, and autonomous fleet services. The company was founded by Aarjav Trivedi, Steve Dickerson, and ArunKumar Elangovan in 2009 and is headquartered in San Francisco, CA.

Investors
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President, Chief Executive Officer & Chairman at Watson Enterprises Incorporated

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Founder at Car Sense, Inc.

Suppliers
General Motors Company Other Transportation | Detroit, Michigan

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. The company sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. General Motors was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Honda Motor Co., Ltd. Industrial Machinery & Manufacturing | Tokyo, Japan

Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories. The Motorcycle segment handles all-terrain vehicles, motorcycle business, and related parts. The Financial Services segment provides financial and insurance services. The Power Product and Other Businesses segment offers power products and relevant parts. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan.

Toyota Motor Corp. Industrial Machinery & Manufacturing | Toyota, Japan

Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services, and All Other. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories. It is also involved in the development of intelligent transport systems. The Financial Services segment offers purchase or lease financing to Toyota vehicle dealers and customers. It also provides retail leasing through lease contracts purchase by dealers. The All Others segment deals with the design and manufacture and sale of housing, telecommunications and other businesses. The company was founded by Kiichiro Toyoda on August 28, 1937 and is headquartered in Toyota, Japan.

Competitors
Ford Motor Company Automobiles - Dearborn, MI

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

PACCAR, Inc. Trucks, Construction & Farm Machinery - Bellevue, WA

PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

AB Volvo Trucks, Construction & Farm Machinery - Gothenburg, Sweden

Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, Group Functions and Other, Industrial Operations, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The Group Functions and Other segment encompasses Volvo Group IT and Volvo Group Real Estate. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

Awards & Honors
Rank #143
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #143
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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