# Penske Automotive Group to be taken private by Penske Corporation and Mitsui & Co.

Penske Automotive Group has entered into a merger agreement to be taken private by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., for $212.00 per share in cash, valuing the company at an enterprise value of approximately $16.3 billion. Upon completion, Penske will hold about 64% and Mitsui 36%.

- Type: Acquisition
- Announced: 2026-10-15
- Where: Bloomfield Hills, Michigan, United States
- Value: $16.3B
- Status: announced
- Products: automotive and commercial truck retail services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsui & Co.](https://endata.com/companies/10710.md) (acquirer)
- [Penske Automotive Group](https://endata.com/companies/78620.md) (target)
- [Penske Corporation](https://endata.com/companies/94609.md) (acquirer)

## Sources

- [investors.penskeautomotive.com](https://investors.penskeautomotive.com/news/news-details/2026/Penske-Automotive-Group-Announces-Agreement-to-be-Taken-Private-by-Penske-Corporation-and-Mitsui--Co-/default.aspx), 2026-10-15: "Penske Automotive Group Announces Agreement to be Taken Private by Penske Corporation and Mitsui & Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.