Penske Automotive Group

Penske Automotive Group, Inc. is a diversified transportation services company primarily engaged in the retail of new and used motor vehicles through its extensive network of automotive and commercial truck dealerships. The company operates in four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It holds franchise agreements with numerous automotive manufacturers and distributors, offering a wide range of products and services, including vehicle repairs, financing, insurance products, and aftermarket services. Penske operates 317 retail automotive franchises, with a significant presence in the United States and international markets, including the United Kingdom and Australia. Its commercial truck segment features heavy and medium-duty truck dealerships, primarily selling Freightliner and Western Star brands, along with used trucks and related services. Additionally, Penske imports and distributes specialty vehicles and power systems. Headquartered in Bloomfield Hills, Michigan, the company has established itself as one of the largest automotive retailers in the U.S.

Robert Kurnick Jr.

Board Member and President

22 past transactions

Paralyzed Veterans of America

Grant in 2025
For more than 68 years, Paralyzed Veterans of America has been on a mission to change lives and build brighter futures for our seriously injured heroes to empower these brave men and women with what they need to achieve the things they fought for: freedom and independence. The organization was founded by a band of service members who came home from World War II with a spinal cord injury. They returned to a grateful nation, but also to a world with few solutions to the challenges they faced. They made a decision not just to live, but to live with dignity as contributors to society. They created Paralyzed Veterans of America, an organization dedicated to veterans service, medical research and civil rights for people with disabilities. Today, the work continues to create an America where all veterans and people with disabilities, and their families, have everything they need to live full and productive lives. Paralyzed Veterans national officers and our 34 chapters represent thousands of veterans in all 50 states, the District of Columbia and Puerto Rico.

Porsche Centre Melbourne

Acquisition in 2024
Porsche Centre Melbourne is an exclusive Manufacturer of sales, service, Motorsport, and parts specialists.

Rybrook Holdings

Acquisition in 2023
Rybrook Holdings is a company which offers cars, trucks, vans, SUVs, and other vehicles parts and accessories.

BMW of Wilmington

Acquisition in 2023
BMW of Wilmington is a car dealership situated in Wilmington, North Carolina. It specializes in the sale of new BMW vehicles, offering a range of models including cars, trucks, and SUVs. In addition to sales, the company provides comprehensive automotive services such as financing options for purchases, re-sale assistance, parts supply, maintenance, and damage repair for both old and new vehicles.

Porsche Wilmington

Acquisition in 2023
Porsche Wilmington is an automotive services provider located in Wilmington, North Carolina. The company specializes in offering a diverse selection of pre-owned and new vehicles, along with parts, accessories, and equipment. Porsche Wilmington is dedicated to delivering a personalized shopping experience, ensuring customers have access to comprehensive information about their vehicle options. This commitment to customer service sets the company apart in the automotive market.

Transolutions Truck Centres

Acquisition in 2023
Transolutions Truck Centres is a prominent retailer of trucks and trailers in Canada, operating five locations throughout the greater Winnipeg market. The company includes three full-service dealerships and two parts and service centers, specializing in the sale of Freightliner trucks, Western Star trucks, and Thomas Built buses. As a licensed dealer for selected branded trucks, Transolutions Truck Centres provides a comprehensive range of products and services tailored to meet the needs of its customers in the transportation industry.

Paralyzed Veterans of America

Grant in 2023
For more than 68 years, Paralyzed Veterans of America has been on a mission to change lives and build brighter futures for our seriously injured heroes to empower these brave men and women with what they need to achieve the things they fought for: freedom and independence. The organization was founded by a band of service members who came home from World War II with a spinal cord injury. They returned to a grateful nation, but also to a world with few solutions to the challenges they faced. They made a decision not just to live, but to live with dignity as contributors to society. They created Paralyzed Veterans of America, an organization dedicated to veterans service, medical research and civil rights for people with disabilities. Today, the work continues to create an America where all veterans and people with disabilities, and their families, have everything they need to live full and productive lives. Paralyzed Veterans national officers and our 34 chapters represent thousands of veterans in all 50 states, the District of Columbia and Puerto Rico.

Paralyzed Veterans of America

Grant in 2022
For more than 68 years, Paralyzed Veterans of America has been on a mission to change lives and build brighter futures for our seriously injured heroes to empower these brave men and women with what they need to achieve the things they fought for: freedom and independence. The organization was founded by a band of service members who came home from World War II with a spinal cord injury. They returned to a grateful nation, but also to a world with few solutions to the challenges they faced. They made a decision not just to live, but to live with dignity as contributors to society. They created Paralyzed Veterans of America, an organization dedicated to veterans service, medical research and civil rights for people with disabilities. Today, the work continues to create an America where all veterans and people with disabilities, and their families, have everything they need to live full and productive lives. Paralyzed Veterans national officers and our 34 chapters represent thousands of veterans in all 50 states, the District of Columbia and Puerto Rico.

Mccoy Freightliner

Acquisition in 2021
McCoy Freightliner is a full-service dealership located in Portland, Oregon, specializing in Freightliner, Western Star, and Sprinter Vans. The company provides a comprehensive selection of new and pre-owned medium and heavy-duty commercial trucks, catering to the diverse needs of its customers. In addition to vehicle sales, McCoy Freightliner offers extensive support services, including a well-stocked parts inventory and servicing, which are designed to enhance vehicle uptime and ensure customer satisfaction. Through its commitment to quality and service, McCoy Freightliner plays a vital role in the commercial trucking industry in the region.

Kansas City Freightliner

Acquisition in 2021
Kansas City Freightliner Sales is a transportation/trucking/railroad company based out of 8100 Parvin Rd. Kansas City, Missouri, United States.

Ridecell

Series B in 2018
Ridecell, Inc. is a technology company that specializes in fleet automation and management software solutions. Founded in 2009 and headquartered in San Francisco, California, with additional offices in several global locations, Ridecell offers a range of products designed to enhance the efficiency of fleet operations. Its Demand-Response solution automates various processes including dispatch, routing, and scheduling, while its Fixed Route product enables real-time tracking and notifications for public transportation users. The Ridecell platform further streamlines operations for ride-sharing and car-sharing services by facilitating tasks such as rider onboarding, ID verification, dynamic pricing, and payment processing. By leveraging data insights and digital vehicle control, Ridecell transforms traditional manual processes into automated workflows, thereby improving operational efficiency for clients including public transportation agencies, universities, and logistics fleets across North America and Europe.

Ridecell

Series B in 2018
Ridecell, Inc. is a technology company that specializes in fleet automation and management software solutions. Founded in 2009 and headquartered in San Francisco, California, with additional offices in several global locations, Ridecell offers a range of products designed to enhance the efficiency of fleet operations. Its Demand-Response solution automates various processes including dispatch, routing, and scheduling, while its Fixed Route product enables real-time tracking and notifications for public transportation users. The Ridecell platform further streamlines operations for ride-sharing and car-sharing services by facilitating tasks such as rider onboarding, ID verification, dynamic pricing, and payment processing. By leveraging data insights and digital vehicle control, Ridecell transforms traditional manual processes into automated workflows, thereby improving operational efficiency for clients including public transportation agencies, universities, and logistics fleets across North America and Europe.

Fair

Corporate Round in 2017
Fair is a car leasing company headquartered in Santa Monica, California, founded in 2016. The company has developed a mobile application that facilitates vehicle leasing services, allowing users to shop for, get approved for, and pay for a car directly from their smartphones using only a driver's license and a bank account. Fair's platform offers customers the flexibility to choose their desired vehicle, select mileage options, and manage payments all within the app. This innovative approach embodies the car-as-a-service (CaaS) model, providing individuals with the freedom to drive the car they want for as long as they wish, while also allowing them the option to return the vehicle at any time without the long-term commitments typically associated with traditional vehicle financing or leasing.

Schumacher European

Acquisition in 2017
Schumacher European offer the finest selection of New Mercedes-Benz vehicles, Used Mercedes-Benz vehicles, and other used cars. It also serve our Phoenix shoppers with OEM Approved Mercedes-Benz Service and Mercedes-Benz Parts.

CarSense

Acquisition in 2016
CarSense, a stand-alone specialty retailer of used vehicles in the United States. CarSense has been in operation since 1997 and has five locations operating in the Philadelphia and Pittsburgh, Pennsylvania, market areas, including southern New Jersey. CarSense is dedicated to reconditioning and retailing high-quality, late-model used vehicles at no-haggle prices through a friendly, comfortable and transparent buying experience.

Harper Truck Centres

Acquisition in 2016
Harper Truck Centres is a commercial truck dealership group based in Ontario, Canada, specializing in the sale of new and used heavy-duty trucks. The company offers a range of well-known truck brands, including Freightliner, Western Star, Thomas Built Bus, and Fuso. By providing a diverse selection of vehicles, Harper Truck Centres serves a variety of customers in the transportation sector, meeting the needs of businesses that rely on reliable and efficient trucking solutions.

Schneider Nelson Auto Group

Acquisition in 2015
Schneider + Nelson Auto Group sells and services Audi, Jaguar, Land Rover, Porsche vehicles in the greater area.

Premier Truck Group

Acquisition in 2014
Premier Truck Group, operates as a dealer for new commercial and used trucks. It also offers parts for the new and used trucks; and services and stock parts for Thomas buses, and other makes of medium and heavy duty trucks. In addition, the company provides 24-hour roadside repair, air conditioning, alignments, alternator/starter repairs, diagnostics, DOT inspection, drive shaft, electrical engine repairs, electronic/electrical repairs, engine rebuilds, express lane service, flywheel machining, frame alignment, hydraulics, machine shop, motorhome, oil/lube, paint/body shop, radiator, refrigeration, RV body and chassis, glass repair, suspension/springs, tire repair, towing, trailer repair/services, transmission/differential, and welding; and truck rental and leasing services.

MTU Detroit Diesel Australia

Acquisition in 2014
MTU Detroit Diesel Australia is a manufacturer specializing in the production and distribution of diesel and gas engines, as well as power systems. The company serves a diverse range of industries, including on and off-highway transportation, power generation, agriculture, oil and gas, marine, mining, defense, rail, and construction sectors.

Western Star Trucks

Acquisition in 2013
Western Star Trucks is a designer, builder, and distributor of heavy-duty trucks, specializing in medium and heavy-duty vehicles. The company operates a network of over 80 independent dealers, providing its products and services across various industries, including logistics, construction, mining, manufacturing, agriculture, and waste collection. In addition to truck distribution, Western Star offers related spare parts and aftermarket support, catering to customers in Australia and New Zealand. Through its diverse offerings, the company aims to meet the needs of a wide range of commercial vehicle users.

Internet Brands

Venture Round in 2000
Internet Brands is an online media and client services organization that specializes in four key verticals: Automotive, Health, Legal, and Home/Travel. The company operates a portfolio of award-winning consumer websites that attract over 100 million monthly visitors. Its comprehensive range of web presence offerings fosters strong, long-term relationships with both small and medium-sized businesses and enterprise clients. Internet Brands utilizes a proprietary operating platform that enhances its ability to adapt and scale, allowing for ongoing growth and innovation. By delivering vertically focused and integrated web services, the company efficiently addresses the evolving needs of its clients and captures new market opportunities.

CarsDirect.com

Venture Round in 2000
CarsDirect.com, Inc. is an online marketplace that facilitates the buying and selling of new and used automobiles in the United States. Founded in 1998 and headquartered in El Segundo, California, the company offers a wide range of vehicles, including passenger cars, luxury vehicles, sports utility vehicles, trucks, and vans. In addition to vehicle sales, CarsDirect.com provides various related services such as auto loans, vehicle service contracts, anti-theft products, credit reports, and VIN checks. The platform also features an auto repair directory and audio guide services, making it a comprehensive resource for consumers looking to purchase or maintain their vehicles. CarsDirect.com operates as a subsidiary of Internet Brands, Inc.
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