Pinnacle Mergers & Acquisitions Facilitates Sale of Lexus of Warwick in Rhode Island

Pinnacle Mergers & Acquisitions Facilitates Sale of Lexus of Warwick in Rhode Island

Pinnacle Mergers & Acquisitions represented Rob McGee in the acquisition of Lexus of Warwick from Penske Automotive GroupThe store will remain Lexus of Warwick, adding to the McGee Automotive Family's growing multi-state portfolioThe deal reflects Pinnacle's strong relationship with Penske…

Penske Sale Of Lexus Of Warwick Signals Ongoing Portfolio Reset

Penske Automotive Group (NYSE:PAG) has completed the sale of Lexus of Warwick in Rhode Island. The buyer is the McGee Automotive Family, which plans to continue operating the dealership as a Lexus store. The transaction marks a change in Penske Automotive Group's dealer portfolio and geographic mix. Penske Automotive Group (NYSE:PAG) is a diversified transportation services company with a large network of franchised dealerships. The sale of Lexu…