Penske Automotive goes private at $16.3B valuation
Mitsui & Co. and Penske Corp. are acquiring the remaining stake they don't own in Penske Automotive, taking the company private at a $16.3B valuation with a 64-36 ownership split.
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Carvana gets a $4k Premium at their New Stellantis Stores
Carvana acquired multiple Stellantis franchise stores and scaled one Arizona location from 30-50 units to over 700 monthly units using an online-first model. This represents a significant acquisition event with ownership transfer.
Penske and Mitsui seek to take Penske Auto private in $3.8B deal
Penske and Mitsui are seeking to take Penske Automotive Group private in a $3.8B deal. This represents an ownership transfer of a major automotive retailer.
ASE Acquires WrenchWay
ASE acquires WrenchWay, a service/fixed ops vendor. ASE CEO and WrenchWay co-founders discuss the acquisition and integration plans.
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