Penske Automotive Group announced Monday it has acquired Transolutions Truck Centres (TSTC), located in Winnipeg, Manitoba, Canada.
With this acquisition, Penske's Premier Truck Group continues to expand and complement its operations in Canada by establishing a presence in an additional Canadian province.
TSTC consists of five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts and service centers. Penske says TSTC sells and services Freightliner Trucks, Western Star Trucks and Thomas Built Buses, and is the licensed dealer for SelecTrucks, Daimler Truck's used vehicle brand, for the entire territory of Manitoba.
The TSTC acquisition is expected to add 73 service bays, 59 technicians and approximately 200 new members to the Premier Truck Group team. The acquisition also is expected to generate approximately $180 million in annualized revenue. With the inclusion of the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America, the company says.
"We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba. We look forward to continuing their legacy and welcome TSTC to the Premier Truck Group team," says Premier Truck Group President Ron Long said.
