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Motown Acquisition to take Penske Automotive private

PRIVATEOct 15, 2026

Acquiring Company

Motown Acquisition

Acquired Company

Penske Corporation

MichiganBloomfield HillsOil And GasAutomotiveOil And GasTransportationAutomotiveMotor Vehicle Manufacturing

Description

Penske Automotive Group Inc. will be taken private by Motown Acquisition Corp., owned by Penske Corp. and Mitsui & Co. Ltd. Shareholders will receive $212 per share, valuing the company at approximately $16.3 billion. The transaction is expected to close in Q1 2027, pending regulatory approvals and shareholder votes.

Company Information

Company

Motown Acquisition

Location

Michigan, United States

About

Motown Acquisition Corp. is an entity focused on acquiring businesses. It is owned by Penske Corp. and Mitsui & Co. Ltd. This acquisition marks a significant transition for the publicly traded Penske Automotive Group. The process aims to enhance operational excellence and drive business innovation.

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

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Frequently asked

Who acquired Penske Corporation?

Penske Corporation was acquired by Motown Acquisition, based in Michigan. The deal was reported on October 15, 2026. Motown Acquisition Corp. is an entity focused on acquiring businesses. It is owned by Penske Corp. and Mitsui & Co. Ltd. This acquisition marks a significant transition for the publicly traded Penske Automotive Group. Motown Acquisition is privately held and operates in Oil And Gas.

When did Motown Acquisition acquire Penske Corporation?

Motown Acquisition's acquisition of Penske Corporation was reported on October 15, 2026. Penske Automotive Group Inc. will be taken private by Motown Acquisition Corp., owned by Penske Corp. and Mitsui & Co. Ltd. Shareholders will receive $212 per share, 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.