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Penske Automotive Group to go private via Penske & Mitsui

RECENTLY ACQUIREDOct 15, 2026

Acquiring Company

Penske

Acquired Company

Penske Corporation

MichiganBloomfield HillsTransportationAutomotiveLogisticsFleet ManagementOil And GasTransportationAutomotiveMotor Vehicle Manufacturing

Description

Penske Automotive Group has announced its agreement to be taken private by Penske Corporation and Mitsui & Co. Shareholders will receive $212.00 per share in cash, valuing the company at approximately $16.3 billion. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and shareholder vote.

Company Information

Company

Penske

Location

Michigan, United States

About

Penske Corporation is a diversified transportation services company that operates in various sectors including automotive retail, logistics, and motorsports. Its subsidiaries include Penske Automotive Group, among others. The company is known for its commitment to customer service and operational excellence. Penske Corp. is privately held and focuses on long-term growth strategies.

Fundz sees it the moment Penske makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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ML-powered predictions for Penske's next move

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Frequently asked

Who acquired Penske Corporation?

Penske Corporation was acquired by Penske, based in Michigan. The deal was reported on October 15, 2026. Penske Corporation is a diversified transportation services company that operates in various sectors including automotive retail, logistics, and motorsports. Penske is privately held and operates in Transportation.

When did Penske acquire Penske Corporation?

Penske's acquisition of Penske Corporation was reported on October 15, 2026. Penske Automotive Group has announced its agreement to be taken private by Penske Corporation and Mitsui & Co. Shareholders will receive $212.00 per share in cash, valuing the company at approximately $16.3 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Penske Corporation do?

Penske Corporation is a diversified transportation services company. It manages various automotive retail operations and has significant ownership in several automotive related businesses. It is publicly traded (PAG), operating in Oil And Gas, and is based in Bloomfield Hills.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.