About Penske Truck Leasing
Penske Truck Leasing is a company based in Reading (United States) founded in 1969.. Penske Truck Leasing has completed 4 acquisitions, including DeCarolis, Kris-Way Truck Leasing and QEK Global Solutions. Penske Truck Leasing offers products and services including Truck Leasing, Fleet Maintenance, and Fleet Insight App.
- Headquarter Reading, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
DeCarolis
& 3 more
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Products & Services of Penske Truck Leasing
Penske Truck Leasing offers a comprehensive portfolio of products and services, including Truck Leasing, Fleet Maintenance, and Fleet Insight App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides business-focused truck leasing options for efficient operations.
Offers customized maintenance to ensure fleet reliability and safety.
App for real-time fleet monitoring and performance tracking.
Funding Insights of Penske Truck Leasing
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2015 | Amount | Unspecified - Penske Truck Leasing | Valuation | Mitsui |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Penske Truck Leasing
Penske Truck Leasing has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mitsui & Co.. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penske Truck Leasing
Penske Truck Leasing has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include DeCarolis, Kris-Way Truck Leasing and QEK Global Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2000 | ||||
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Truck leasing and transportation services are offered nationwide.
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1978 | ||||
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Trucking transportation and logistics services are provided to various clients.
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1938 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Penske Truck Leasing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penske Truck Leasing Comparisons
Competitors of Penske Truck Leasing
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penske Truck Leasing
Frequently Asked Questions about Penske Truck Leasing
When was Penske Truck Leasing founded?
Penske Truck Leasing was founded in 1969 and raised its 1st funding round 46 years after it was founded.
Where is Penske Truck Leasing located?
Penske Truck Leasing is headquartered in Reading, United States. It is registered at Reading, Pennsylvania, United States.
Who is the current CEO of Penske Truck Leasing?
Lorrie Pascoe is the current CEO of Penske Truck Leasing.
What does Penske Truck Leasing do?
Penske Truck Leasing, based in Reading, focuses on transportation and logistics, trucking, and truck rentals. Provider of truck leasing services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
What products or services does Penske Truck Leasing offer?
Penske Truck Leasing offers Truck Leasing, Fleet Maintenance, and Fleet Insight App.
How many acquisitions has Penske Truck Leasing made?
Penske Truck Leasing has made 4 acquisitions, including DeCarolis, Kris-Way Truck Leasing, and QEK Global Solutions.
Who are Penske Truck Leasing's investors?
Penske Truck Leasing has 1 investor. Key investors include Mitsui & Co..