Roger Penske is the founder and chairman of Penske Corporation, a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and professional motorsports. Penske Corporation manages businesses with revenues in excess of $19 billion, operating in more than 3,300 locations and employing approximately 39,000 people worldwide.
Penske Truck Leasing is a partnership between Penske Corporation and General Electric Capital. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 3,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions.
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company, operating retail automotive dealerships, Hertz car rental franchises and commercial vehicle distribution. The company currently operates principally in the United States, Western Europe, Australia and New Zealand, employs approximately 17,000 people worldwide and is a member of the Fortune 500 and Russell 2000. PAG also operates www.penskecars.com, the ultimate car buying experience.
Penske Corporation also owns several transportation related manufacturing businesses. Truck-Lite produces lighting products, wiring harness systems, mirrors, and accessories primarily for heavy-duty vehicles in the United States and Europe. Truck-Lite operates eight production facilities throughout the United States, Germany, Poland and the United Kingdom. Davco Technology produces fuel filtration systems and engine accessories primarily for the North American heavy and medium-duty truck markets.
Transportation Resource Partners III, LP is a third-party private equity fund focused on control investments in growth-oriented manufacturing and service related businesses in the transportation industry. Along with its two predecessor funds, the principals of TRP have managed in excess of $825 million in equity capital commitments.
Penske Performance, Inc. operations include teams competing in the Verizon IndyCar Series, NASCAR Sprint Cup Series and NASCAR Xfinity Series under the “Team Penske” banner. The team will also compete in the Australian V8 SuperCars Champonship starting in 2015, in a partnership with Dick Johnson Racing, as DJR Team Penske. Team Penske is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Team Penske have produced 406 major race wins, over 461 pole positions and 27 National Championships entering the 2015 season.
Updated - Feb. 3, 2015 at 10:45 a.m. ET