Penske Automotive Group, an international automotive retailer, today announced the acquisition of Mercedes-Benz of Greenwich, located in Greenwich, Connecticut. This franchise complements the Company’s existing operations in the Connecticut market, which include Audi, Mercedes-Benz and Porsche in Fairfield and Honda in Danbury.
“I’m pleased to expand our presence in Connecticut with the Mercedes-Benz brand,†said East Region Executive Vice President Bernie Wolfe. “For over fifty years, Mercedes-Benz of Greenwich has been serving customers in Greenwich, Stamford and Norwalk with a dedication to customer service and satisfaction. We look forward to implementing the Mercedes-Benz Autohaus facility program in this important market and to growing the overall business to this market’s full potential.â€
Mercedes-Benz of Greenwich represents approximately $150 million in estimated annual revenue. The transaction was financed using cash flow from operations and availability under the Company’s U.S. revolving credit facility.
| Penske Automotive
5 comments:
I've been waiting for a Benz that finally had decent gas milage. The 4 cyclinder with the turbo gives so much power you would never know it was a 4 cyclinder. I normally only lease cars, I like using different cars ever few years. But I think, this one I will keep. ford stockport
Mercedes-Benz is very fast, exquisite, comfortable, easy to drive and maintain... It swallows all my gear in the back with no problem and most of all my partner loves driving it. used cars wigan
I bought this car at derby used car deals last month as a gift to myself. Ive been very pleasantly amazed so far. The build quality is unbelievable, the engine pulls very quickly and smoothly and the ride quality is just enjoying.
With all the bad publicity about Mercedes-Benz of Greenwich at the moment I just had to write to say that BENZ is definitely AWESOME. I actually read somewhere that they're going to collaborate with delray beach storage, which is great. I have bought a car from them many times now and always had nice, excellent service all the time.
I hope I could find this in buckingham drive autos. Or any reliable car dealers.
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