Penske Truck Leasing Overview
- Year Founded
-
1969
- Status
-
Acquired/Merged
- Employees
-
44,700
- 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
Website
www.gopenske.com(Operating Subsidiary)
Corporate Office
- Route 10 Green Hills
- Reading, PA 19603
- United States
Corporate Office
- Route 10 Green Hills
- Reading, PA 19603
- United States
Penske Truck Leasing Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Penske Truck Leasing Comparisons
Industry
Financing
Details
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 |
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 |
Penske Truck Leasing Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Penske Truck Leasing Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
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 |
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.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
