Acquiring Company
Mitsui & Ltd
Acquired Company
Penske Automotive
Description
Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. Mitsui committed up to US$1.6 billion in equity financing and Penske up to US$600 million. Upon completion, ownership is expected to be approximately 36 percent Mitsui and 64 percent Penske, subject to approvals and closing conditions, with completion expected in the last quarter of fiscal year ending March 2027.
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When Mitsui & Ltd changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Penske Automotive?
Penske Automotive was acquired by Mitsui & Ltd, based in Japan. The deal was reported on October 15, 2026. Mitsui & Co., Ltd. is a global trading and investment company with a diverse business portfolio that spans various industry sectors, including Energy, Metals, Machinery, Chemicals, Food, and Consumer Services. Mitsui & Ltd is privately held and operates in Energy.
When did Mitsui & Ltd acquire Penske Automotive?
Mitsui & Ltd's acquisition of Penske Automotive was reported on October 15, 2026. Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penske Automotive do?
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. It is publicly traded (PAG), operating in Hardware.
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