Salt Lake City-based Warner Truck Centers has been purchased by the massive Penske Automotive Group. According to a statement made as Penske announced its second-quarter results, Warner will become part of Penske’s Premier Truck Group subsidiary.
Warner Truck Centers consists of six dealership locations across Utah and Idaho, including its flagship operation in Salt Lake City.{mprestriction ids="1,3"} The other Warner locations are in St. George, Tremonton and Salina, Utah; and Idaho Fall sand Twin Falls, Idaho. Warner is a retailer of Freightliner and Western Star medium and heavy-duty commercial trucks along with other brands.
“This is an outstanding acquisition for our business and our customers, further solidifying our relationship with Daimler Trucks North America,” said Premier Truck Group president Richard Shearing. “Warner Truck Centers operate within key transportation corridors across the central northern U.S. market, providing our business with additional scale and leverage opportunities through an expanded footprint now representing 25 dealerships.”
“We welcome Warner Truck Centers to the Penske team,” said Roger Penske, Penske Automotive Group CEO. “The acquisition of Warner Truck Centers nearly doubles our retail commercial truck dealership revenue and enhances the company’s diversification while providing the opportunity for future growth and increased profitability.”
Although details of the acquisition were not disclosed, Penske said it expects Warner operations to add $1.1 billion to Penske’s annual revenue.{/mprestriction}
