Penske Automotive Group has announced that it has completed the acquisition of Rybrook Group consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.
Three of the BMW locations also retail BMW Motorrad motorcycles. The dealerships represent estimated annualized revenues of $1 billion.
Darren Edwards, CEO of the Penske-owned Sytner Group in the UK said: “We are pleased to expand our brand footprint and increase our scale.
The Rybrook dealerships represent exceptional brands with a strong commitment to providing outstanding customer service. We look forward to continuing this legacy and welcome the Rybrook associates to our team.”