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Penske Automotive Group, Inc., through its Premier Truck Group (PTG), acquires TEAM Truck Centres Limited

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PTG Mississauga Enterprises Limited Partnership

On February 28, 2022, Penske Automotive Group, Inc. ("Penske") announced the completion of its acquisition of certain assets of TEAM Truck Centres Limited, a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks located in Ontario, Canada, which included four full service dealerships in Cambridge, London, Sarnia and Windsor. The acquisition was effected through a Canadian subsidiary of Penske, operated by its Premier Truck Group.

Penske, headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers.

Fasken acted for Penske with a team that included Alex Nikolic, Gesta Abols, Rachel Charney and Krysten Zator (Corporate/M&A), Dan R. Law (Real Estate), Huy Do and Robin Spillette (Competition), Alix Herber (Employment), Mitchell Thaw (Tax) and Allyson Marta (Pension and Benefits).


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