Penske Automotive Group Acquires McCoy Freightliner

Penske Automotive Group Acquires McCoy Freightliner

Penske Automotive Group Inc. has acquired McCoy Freightliner (“McCoy”), a retailer of medium and heavy-duty commercial trucks, located in Oregon. The McCoy acquisition is expected to generate approximately $200 million in annualized revenue, building further scale within the company’s wholly-owned Premier Truck Group (“PTG”) subsidiary, the company says. McCoy adds two full-service dealerships (Portland, OR and Salem, OR) and a remarketing center (Portland, OR) to Premier Truck Group’s existing operations.

PTG now operates 37 North American commercial truck locations in Texas, Oklahoma, Oregon, Tennessee, Georgia, Utah, Idaho and Ontario, Canada, which the company expects to generate $2.5 billion in annual revenue.

Year-to-date, Penske Automotive Group has added approximately $1.1 billion in expected annualized revenue through the completion of retail automotive and commercial truck dealerships.

You May Also Like

Southeastern Freight Lines promotes new service center manager

Keith Schneider has held various leadership positions with Southeastern, and will relocate to fulfill this new role.

Southeastern-freight-promotion-Keith-Schneider

Southeastern Freight Lines, a provider of regional less-than-truckload (LTL) transportation services, announced that Keith Schneider has been promoted to service center manager in Waynesboro, Virginia. Schneider started his career at the Greensboro service center in North Carolina as a freight handler. Southeastern says he's served in various leadership positions during his time with the company, including quality assurance leader, inbound and outbound supervisor, inbound and outbound operations manager and, most recently, assistant service center manager in Greensboro, North Carolina.  

Reinzosil sealant now a part of Spicer CV service kits

The RTV sealant will come alongside other components in the Spicer CV kit like an oil seal, bearing cup and cone, washers and more.

Reinzosil-RTV-sealant-spicer-service-kit
PPG launches AdjustRite Repair Management tool

The company says the newest feature of the PPG AdjustRite commercial estimating system can enhance productivity for vehicle repairs.

PPG-Adjustrite-diagnostic-shop-efficiency-management-tool
Premier Truck Group opens new Amarillo, TX facility

The new facility replaces an old location; Premier Truck Group says customers will notice the improvements.

Premier-Truck-Group-Amarillo
Service training that engages heavy-duty technicians

You have to know where to look for the right video training information that’s safe and accurate.

hendrickson-1400

Other Posts

NFI, JETSI open electric charging depot housing 50 BEV trucks

In addition to charging capabilities, the facility also houses a maintenance garage for NFI’s battery-electric assets.

NFI-JETSI-electir-semi-charging-depot-ribbon-cutting
Daimler delivers two Freightliner eCascadia trucks to Goodwill

These are the first zero-emission, Class 8 trucks in Goodwill Industries of New Mexico’s fleet, and the first eCascadias operating in the state.

Daimler-Freightliner-eCascadia-Goodwill
BeyondTrucks, Fleetio partner for integrated transportation management system

With this partnership, the companies say customers can arm dispatchers and fleet managers with real-time information to improve decision making. 

fleetio-and-beyondtrucks-partnership
Geotab, Daimler Truck North America partner on new integrated telematics offering

The integration makes all data from various OEMs and Geotab’s GO devices available in one platform.