PREMIER TRUCK GROUP ACQUIRES RIVER STATES TRUCK AND TRAILER

Expected to Add $200 Million in Estimated Annualized Revenue

Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company announced the acquisition of River States Truck and Trailer, Inc. (RSTT) headquartered in La Crosse, WI.  The acquisition is expected to add $200 million of estimated annualized revenue for Premier Truck Group.

River States operates five facilities strategically located in western Wisconsin and eastern Minnesota along the key trucking lanes of Interstates 90 and 94, between Chicago and Minneapolis, including:

Three Full-Service Freightliner and Western Star Dealerships:

• River States Truck and Trailer – Eau Claire, which will become Premier Truck Group of Eau Claire
• River States Truck and Trailer – La Crosse, which will become Premier Truck Group of La Crosse
• River States Truck and Trailer – Roberts, which will become Premier Truck Group of Roberts

Two Independent Repair Facilities:

• JL Truck and Trailer, located in Osseo, WI
• Minnesota Truck and Trailer, located in Eagan, MN

With the River States acquisition, Premier Truck Group will add an additional 161,000 sq. ft. of facilities, 96 service bays and 63 technicians.

“Premier Truck Group continues to grow our footprint to 48 locations throughout the United States and Canada. Our culture at PTG is to work as one network executing to deliver the best customer experience in North America, achieve operational excellence and maintain an exceptional place for our employees to work” said Ron Long, President and CEO of Premier Truck Group. “In addition to parts, service and truck sales, we will add collision centers with the Eagan and La Crosse locations expanding our nationwide heavy truck collision network to 12 locations.  We look forward to representing the Freightliner and Western Star brands and serving customers in this new market for Premier Truck Group while leveraging our scale as we pursue operational efficiencies.” 

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