Penske Automotive Group

Penske Automotive Group, Inc. is a diversified transportation services company that operates automotive and commercial truck dealerships in the United States and internationally. The company is structured into four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It engages in the sale of new and used motor vehicles, along with related services such as vehicle maintenance, collision repair, and the placement of finance and lease contracts. Penske operates 317 retail automotive franchises, with a significant presence in both the U.S. and overseas, including franchises in the United Kingdom, Australia, and Japan. Additionally, the company runs 25 commercial truck dealerships, primarily offering Freightliner and Western Star trucks, alongside used truck sales and related services. Penske Automotive Group was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.

Robert Kurnick Jr.

Board Member and President

15 past transactions

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.
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.

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 the way in the digital transformation of fleet businesses and operations. Our Fleet IoT (Internet of Things) Automation solutions modernize and monetize fleets by combining data insights with digital vehicle control to turn today’s manual processes into automated workflows. The result is unmatched levels of efficiency and control for shared services, motorpools, rental, and logistic fleets. Today Ridecell powers some of the most successful fleet businesses in cities across Europe and North America, including Ferrovial, Groupe Renault, Gig Car Share from AAA, and Toyota Sweden. Ridecell is headquartered in San Francisco with offices in Madrid, Paris, Berlin, and Pune India.

Ridecell

Series B in 2018
Ridecell Inc. is the way in the digital transformation of fleet businesses and operations. Our Fleet IoT (Internet of Things) Automation solutions modernize and monetize fleets by combining data insights with digital vehicle control to turn today’s manual processes into automated workflows. The result is unmatched levels of efficiency and control for shared services, motorpools, rental, and logistic fleets. Today Ridecell powers some of the most successful fleet businesses in cities across Europe and North America, including Ferrovial, Groupe Renault, Gig Car Share from AAA, and Toyota Sweden. Ridecell is headquartered in San Francisco with offices in Madrid, Paris, Berlin, and Pune India.

Fair

Corporate Round in 2017
Fair is a car leasing company that aims to grant access to mobility to everyone by pioneering the car-as-a-service (CaaS) concept. It gives customers the freedom to drive the car they want for as long as they want, and the flexibility to walk away at any time.

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, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group located in Ontario, Canada.

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

Western Star Trucks

Acquisition in 2013
A distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand.

CarsDirect.com

Venture Round in 2000
CarsDirect.com, Inc. provides online car buying services in the United States. It provides new and used automobiles, and related products and services. The company offers passenger cars, luxury cars, sports utility vehicles, trucks, and vans. It also offers auto loans, vehicle service contracts, anti-theft products, credit reports, VIN check, auto repair directory, and audio guide services. The company was founded in 1998 and is based in El Segundo, California. CarsDirect.com, Inc. operates as a subsidiary of Internet Brands, Inc.

Internet Brands

Venture Round in 2000
Internet Brands has grown to become a fully integrated online media and client services organization focused on four high-value vertical categories: Automotive, Health, Legal and Home / Travel. The company’s award-winning consumer websites lead their categories and serve more than 100 million monthly visitors, while a full range of web presence offerings has established deep, long-term relationships with SMB and enterprise clients. Internet Brands’ powerful, propriety operating platform provides the flexibility and scalability to fuel the company’s continued growth.
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