TORONTO, Ont. — Penske Automotive Group announced today that its subsidiary, Premier Truck Group has completed the acquisition of Harper Truck Centres, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group in Ontario.
“This is an outstanding acquisition for our business and complements our partnership with the Freightliner and Western Star brands,” said Penske Automotive Group chairman Roger Penske. “Daimler Trucks North America has a strong market share and presence in the Canadian marketplace, providing a solid foundation for the future growth of our business.”
Harper Truck Centres has five dealership locations in the GTA. According to reports, the acquisition is expected to generate approximately $130 million in annualized revenue for Penske Automotive Group.
“This acquisition provides us with immediate scale in the marketplace,” Premier Truck Group president Richard Shearing added. “Harper Truck Centres has built a strong legacy of providing commercial vehicle sales, service and support in the Canadian marketplace for more than 20 years, and we welcome their employees to the Premier Truck and Penske Automotive Group team.”