The acquisition of Transolutions Truck Centres will be the company’s first foray into Manitoba and is projected to add $180 million in annualized revenue.
Penske Automotive Group has acquired Transolutions Truck Centres, a medium- and heavy-duty commercial trucks and buses retailer in Winnipeg, Manitoba, Canada. With this acquisition, Premier Truck Group, Penske’s wholly owned commercial truck subsidiary, expands its reach into Canada by establishing its first presence in Manitoba.
TSTC has five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts and service centers. TSTC sells and services Freightliner and Western Star trucks and Thomas Built buses. It is the licensed dealer for SelecTrucks, Daimler Truck’s used vehicle brand, for the entire territory of Manitoba.
The TSTC acquisition will add 73 service bays, 59 technicians, and about 200 new members to Premier Truck Group. The company expects it will generate approximately $180 million in annualized revenue. Including the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America.
“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.” said Ron Long, Premier Truck Group president.