---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-23-000169"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:34:02.303717+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive Group agrees to acquire Rybrook Group's 15 UK dealerships for ~$1B annual revenue

## Summary
- Acquisition of 15 premium dealerships including BMW, MINI, Volvo, Land Rover, and Porsche brands.
- Estimated annualized revenue from the dealerships is $1 billion.
- Acquisition expected to close in January 2024, subject to customary conditions.
- Funding will come from existing liquidity; certain regulatory approvals already received.
- Also amends UK credit agreement to increase capex limit from £100M to £150M per year.

## SEC filing metadata
- accession: 0001019849-23-000169
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000169/0001019849-23-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000169/pag-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-23-000169
- JSON: https://secwatch.observer/filing/0001019849-23-000169.json
- Plain text: https://secwatch.observer/filing/0001019849-23-000169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.