Premier Truck Group Expands Operations with Acquisition of River States Truck and Trailer
Premier Truck Group, a subsidiary of Penske Automotive Group, Inc., has announced the acquisition of River States Truck and Trailer, Inc. (RSTT), a move that is expected to add $200 million in estimated annual revenue. This strategic expansion marks a significant growth in Premier Truck Group’s presence in North America.
The acquisition includes five facilities located in western Wisconsin and eastern Minnesota, strategically positioned along major trucking routes between Chicago and Minneapolis. These facilities will be integrated into Premier Truck Group’s network of 48 locations, enhancing service accessibility for customers in the region.
Three full-service dealerships offering Freightliner and Western Star brands in Eau Claire, La Crosse, and Roberts will be rebranded under the Premier Truck Group name. Additionally, two independent repair facilities, JL Truck and Trailer in Osseo, WI, and Minnesota Truck and Trailer in Eagan, MN, will join the company’s portfolio.
With the addition of these facilities, Premier Truck Group gains 161,000 sq. ft. of space, 96 service bays, and 63 technicians, further strengthening its operational capabilities. Ron Long, President and CEO of Premier Truck Group, emphasized the company’s dedication to providing top-notch customer service and achieving operational excellence.
The company’s growth strategy also includes expanding its heavy truck collision network, with the Eagan and La Crosse locations becoming the latest additions to the network, which now includes 12 collision centers nationwide.
Penske Automotive Group, based in Bloomfield Hills, Michigan, operates as an international transportation services company and is a leading automotive and commercial truck retailer. With over 28,500 employees worldwide, the group has a significant stake in Penske Transportation Solutions, managing an extensive trucking fleet in North America.
The acquisition of River States Truck and Trailer is part of Penske Automotive Group’s broader strategy to strengthen its market presence and service offerings in the commercial trucking industry. The expansion is expected to bring operational efficiencies and synergies to the company’s existing network.
InvestingPro Insights on Penske Automotive Group highlight the company’s financial health and market performance following the acquisition of RSTT. With a market capitalization of approximately $9.92 billion and a competitive P/E ratio of 9.92, PAG demonstrates a strong position in the Specialty Retail industry.
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