Roger S. Penske is the founder and chairman of Penske Corporation, a closely-held diversified transportation services company whose subsidiaries operate in a variety of segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and professional motorsports. Penske Corporation manages businesses with revenues in excess of $14 billion, operates in more than 1,800 locations and employs 36,500 people worldwide.
Penske Automotive Group, Inc. (NYSE:PAG) operates more than 310 retail automotive franchises, representing 40 different brands, and 25 collision repair centers. Penske Automotive Group, Inc., sells new and previously-owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents. It has 160 franchises in 17 states and Puerto Rico and 150 franchises located outside the United States, primarily in the United Kingdom. PAG is also the exclusive distributor of the smart fortwo in the United States and Puerto Rico. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 1000 and has more than 14,000 employees.
Penske Motor Group, Inc. is a privately held specialty retailer operating three automobile dealerships in the California market. The group retails Toyota and Lexus vehicles. Longo Toyota, located in El Monte, California, is the largest Toyota dealership in the United States, selling more than 18,000 new and used vehicles per year.
Penske Truck Leasing Co., L.P. 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 1,000 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 Corporation also owns several transportation related manufacturing businesses. Truck-Lite produces lighting products, 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. VM Motori, a partnership with General Motors, located in Cento, Italy, specializes in the design and production of diesel engines for automotive and industrial applications. Davco Technology produces fuel filtration systems and engine accessories primarily for the North American heavy- and medium-duty truck market.
Transportation Resource Partners III, LP is a third-party private equity fund focused on leveraging 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, and made 14 platform investments.
Penske Performance, Inc. operations include teams competing in the IndyCar Series, NASCAR Sprint Cup Series and NASCAR Nationwide Series under the "Penske Racing" banner. Penske Racing is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have 314 major race wins, 373 pole positions and 22 National Championships.
Penske Racing, Inc. is the most successful Indy car racing team in history with 144 race wins, 12 National Championships and 183 pole positions. In addition, Penske Racing has won the Indianapolis 500-mile race 15 times, including consecutive wins in 2001, 2002 and 2003 and the most recent win last May with driver Helio Castroneves. The Penske-prepared Honda-powered cars are driven by Castroneves and Ryan Briscoe under the Team Penske banner. Castroneves has 22 career victories, including the Indianapolis 500 in 2001, 2002 and 2009. He finished fourth in the 2009 IndyCar Series championship after he posted two wins and two pole positions. Briscoe enjoyed a strong second season for Team Penske in 2009 as he produced three wins and four poles while he finished third in the championship standings. Winning open-wheel racer Will Power joined the Penske team in 2009 as he competed in six races and earned a pole and a victory. Power will compete full-time for the team in 2010 in the Team Verizon Wireless car, alongside Castroneves and Briscoe.
Penske Racing South, Inc. fields three entries in the NASCAR Sprint Cup Series: the Miller Lite Dodge driven by 2004 NASCAR Sprint Cup Champion Kurt Busch, the Penske Dodge driven by rising star Brad Keselowski and the Mobil 1 Dodge driven by three-time IndyCar Series Champion and 2006 Indianapolis 500 winner Sam Hornish Jr. Busch has 20 career NASCAR Sprint Cup Series wins, including two victories in 2009, as he finished fourth in the series championship. Keselowski, who earned his first Cup Series win in limited action in 2009, joined the team for the final three races last season and he will compete full-time in the 2010 Cup Series in the Penske Dodge. Hornish made the transition to full-time NASCAR racing in 2008, finishing second in the Rookie-of-the-Year standings. Penske Racing will compete with two full-season entries in the 2010 Nationwide Series with Justin Allgaier, the 2009 series Rookie of the Year, driving the Verizon Wireless Dodge and Keselowski driving the Discount Tire Dodge. Allgaier won his first series pole at Memphis last season and finished sixth in the championship standings. Keselowski has produced six wins and three poles in Nationwide Series competition and he finished third in the series standings in each of the past two seasons.
