Penske Automotive Group Acquires Two Lexus Dealerships in Central Florida
Signed agreement is expected to add $450 million in annualized revenue to the international transportation services company & commercial truck retailer…
Penske Automotive Group Inc., a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers with operations across four continents and eight countries, announced that it has signed an agreement to acquire Lexus of Orlando and Lexus of Winter Park, both located in the Orlando metropolitan area of Central Florida. The acquisition is expected to add $450 million in annualized revenue, company officials stated in a press release.
Commenting on the acquisition, North American operations officer Rich Shearing said, “The acquisition of these premier Lexus dealerships represents another strategic addition to the Penske Automotive Group portfolio. The acquired dealerships will expand the Company’s scale in one of the fastest growing states in the country while leveraging the Company’s existing infrastructure in Central Florida.”
Closing of the transaction is expected to occur during the first quarter of 2026 and is subject to customary conditions. The company expects to fund the purchase price using cash flow from operations and availability under its U.S. credit agreement.
