About Penske
Penske is a company based in Bloomfield Hills (United States) founded in 1969.. The company has 1,189 employees as of December 31, 2022. Penske has completed 5 acquisitions, including Acura Grand Prix of Long Beach, Hulman and IMS Productions. Penske offers products and services including Truck Rental, Logistics Services, and Vehicle Services.
- Headquarter Bloomfield Hills, United States
- Employees 1189 as on 31 Dec, 2022
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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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- Legal Name Penske Media Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
1189
as on Dec 31, 2022
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Investments & Acquisitions
Acura Grand Prix of Long Beach
& 4 more
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Products & Services of Penske
Penske offers a comprehensive portfolio of products and services, including Truck Rental, Logistics Services, and Vehicle Services. 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 truck rental for transportation and logistics needs.
Offers transportation logistics and management solutions worldwide.
Delivers retail automotive sales and maintenance services.
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Funding Insights of Penske
| 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 |
Investments & Acquisitions by Penske
Penske has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Acura Grand Prix of Long Beach, Hulman and IMS Productions. 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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Annual motorsports events and related activities are organized.
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1997 | ||||
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Sports services in motorsports are provided by INDYCAR.
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1994 | ||||
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Video production services are delivered by IMS Productions.
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1972 |
| 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
| 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 Comparisons
Competitors of Penske
| 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
Frequently Asked Questions about Penske
When was Penske founded?
Penske was founded in 1969.
Where is Penske located?
Penske is headquartered in Bloomfield Hills, United States. It is registered at Bloomfield Hills, Michigan, United States.
How many employees does Penske have?
As of Dec 31, 2022, the latest employee count at Penske is 1,189.
What does Penske do?
Penske was founded in 1969 and is headquartered in Bloomfield Hills, United States. Operations are centered in the transportation and logistics sector, where truck leasing, dedicated transportation, and supply chain management services are offered. A network of facilities supports these activities across North America and select international locations, with a focus on fleet maintenance and logistics solutions for various industries.
What products or services does Penske offer?
Penske offers Truck Rental, Logistics Services, and Vehicle Services.
How many acquisitions has Penske made?
Penske has made 5 acquisitions, including Acura Grand Prix of Long Beach, Hulman, and IMS Productions.