Penske Truck Leasing Overview

  • Year Founded
  • 1969

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 44,700

Employees

  • Latest Deal Type
  • Debt Refin.

  • Financing Rounds
  • 40

  • Investments
  • 19

Penske Truck Leasing General Information

Description

Developer of transportation and supply chain services designed to meet customers' needs across the supply chain. The company offers full-service truck leasing, truck rental and contract maintenance, along with logistics services such as dedicated contract carriage, distribution center management, freight management and dry van truckload carrier services, enabling multi-national corporations to keep their fleet running.

Contact Information

Formerly Known As
Hertz Penske Truck Leasing
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Corporate Office
  • Route 10 Green Hills
  • Reading, PA 19603
  • United States
+1 (855)
Primary Industry
Other Commercial Services
Other Industries
Road
Parent Company
Vertical(s)
Corporate Office
  • Route 10 Green Hills
  • Reading, PA 19603
  • United States
+1 (855)

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Penske Truck Leasing Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Penske Truck Leasing Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of transportation and supply chain services designed to meet customers' needs across the supply chain. The com
Other Commercial Services
Reading, PA
44,700 As of 2024

Coral Gables, FL
 

Winnipeg, Canada
 
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Penske Truck Leasing Competitors (33)

One of Penske Truck Leasing’s 33 competitors is Ryder System, a Private Debt Financed company based in Coral Gables, FL.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ryder System Private Debt Financed Coral Gables, FL
Bison Transport Corporate Backed or Acquired Winnipeg, Canada
Canada Cartage Private Equity-Backed Mississauga, Canada
GEODIS Corporate Backed or Acquired Paris, France
Idealease Corporate Backed or Acquired North Barrington, IL
You’re viewing 5 of 33 competitors. Get the full list »

Penske Truck Leasing Patents

Penske Truck Leasing Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20140087772-A1 Centralized system and method for automated carrier status updates via sms in a multi-carrier environment Active 21-Sep-2012
US-9042922-B2 Centralized system and method for automated carrier status updates via sms in a multi-carrier environment Active 21-Sep-2012
CA-2885539-A1 Centralized system and method for automated carrier status updates via sms in a multi-carrier environment Active 21-Sep-2012
CA-2885539-C Centralized system and method for automated carrier status updates via sms in a multi-carrier environment Inactive 21-Sep-2012
US-20130290515-A1 Method and apparatus for redirecting webpage requests to appropriate equivalents Active 30-Apr-2012 G06F16/958
To view Penske Truck Leasing’s complete patent history, request access »

Penske Truck Leasing Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Penske Truck Leasing Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Penske Truck Leasing Investments & Acquisitions (19)

Penske Truck Leasing’s most recent deal was a Joint Venture with Penske Energy. The deal was made on 21-May-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Penske Energy 21-May-2024 Joint Venture Consulting Services (B2B)
Kris-Way Truck Leasing 13-Jul-2023 Merger/Acquisition Other Commercial Services
Star Truck Rentals 31-May-2023 Merger/Acquisition Road
PT Indomobil Bussan Trucking 27-Oct-2022 Joint Venture Other Commercial Services
Decarolis Truck Rental 17-Dec-2021 Merger/Acquisition Road
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

Penske Truck Leasing Affiliates

Subsidiaries (3)

Name Industry Location Year Founded
Penske Truck Leasing Company Kent, WA 2001
Kris-Way Truck Leasing South Portland, ME 1978
Indianapolis Motor Speedway Indianapolis, IN 1909

Penske Truck Leasing FAQs

  • When was Penske Truck Leasing founded?

    Penske Truck Leasing was founded in 1969.

  • Where is Penske Truck Leasing headquartered?

    Penske Truck Leasing is headquartered in Reading, PA.

  • What is the size of Penske Truck Leasing?

    Penske Truck Leasing has 44,700 total employees.

  • What industry is Penske Truck Leasing in?

    Penske Truck Leasing’s primary industry is Other Commercial Services.

  • Is Penske Truck Leasing a private or public company?

    Penske Truck Leasing is a Private company.

  • What is Penske Truck Leasing’s current revenue?

    The current revenue for Penske Truck Leasing is .

  • How much funding has Penske Truck Leasing raised over time?

    Penske Truck Leasing has raised $16.8B.

  • Who are Penske Truck Leasing’s investors?

    GE Capital has invested in Penske Truck Leasing.

  • Who are Penske Truck Leasing’s competitors?

    Ryder System, Bison Transport, Canada Cartage, GEODIS, and Idealease are some of the 33 competitors of Penske Truck Leasing.

  • When was Penske Truck Leasing acquired?

    Penske Truck Leasing was acquired on 22-Jan-2025.

  • Who acquired Penske Truck Leasing?

    Penske Truck Leasing was acquired by Mitsui & Company.

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