Expands North American Operations to New Market Areas in Wisconsin and Minnesota
Expected to Add $200 Million in Estimated Annualized Revenue
BLOOMFIELD HILLS, Mich., June 10, 2024 /PRNewswire/ — Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company, announced today the acquisition of River States Truck and Trailer, headquartered in La Crosse, WI. The acquisition is expected to add $200 million of estimated annualized revenue for Premier Truck Group.
River States operates five facilities strategically located in western Wisconsin and eastern Minnesota along the key trucking lanes of Interstates 90 and 94, between Chicago and Minneapolis, including:
Three Full-Service Freightliner and Western Star Dealerships:
- River States Truck and Trailer – Eau Claire, which will become Premier Truck Group of Eau Claire
- River States Truck and Trailer – La Crosse, which will become Premier Truck Group of La Crosse
- River States Truck and Trailer – Roberts, which will become Premier Truck Group of Roberts
Two Independent Repair Facilities:
- JL Truck and Trailer, located in Osseo, WI
- Minnesota Truck and Trailer, located in Eagan, MN
With the River States acquisition, Premier Truck Group will add an additional 161,000 sq. ft. of facilities, 96 service bays and 63 technicians.
“Premier Truck Group continues to grow our footprint to 48 locations throughout the United States and Canada. Our culture at PTG is to work as one network executing to deliver the best customer experience in North America, achieve operational excellence and maintain an exceptional place for our employees to work” said Ron Long, President and CEO of Premier Truck Group. “In addition to parts, service and truck sales, we will add collision centers with the Eagan and La Crosse locations expanding our nationwide heavy truck collision network to 12 locations. We look forward to representing the Freightliner and Western Star brands and serving customers in this new market for Premier Truck Group while leveraging our scale as we pursue operational efficiencies.”
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,500 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions (“PTS”), a business that employs over 44,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 442,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, Russell 3000 indexes. For additional information, including the Company’s 2023 Corporate Responsibility Report highlighting its corporate responsibility strategies, activities, and certain metrics, visit the Company’s website at www.penskeautomotive.com.
About Premier Truck Group
Premier Truck Group is an international medium and heavy-duty commercial truck dealership group headquartered in Dallas, TX. The company has 48 locations throughout Texas, Oklahoma, Kansas, Missouri, Tennessee, Georgia, Utah, Idaho, Wisconsin, Minnesota and Oregon in the United States and in Ontario and Manitoba in Canada. Premier Truck Group offers a premium selection of new Freightliner, Western Star, and Thomas Built Buses commercial vehicles, a large selection of previously-owned commercial trucks, and a full suite of maintenance and repair services along with a wide selection of retail parts and accessories.