Roger Penske is the founder and chairman of Penske Corporation, a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and professional motorsports. Penske Corporation manages businesses with revenues in excess of $19 billion, operating in more than 3,300 locations and employing approximately 39,000 people worldwide.
Penske Truck Leasing is a partnership between Penske Corporation and General Electric Capital. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 3,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions.
Penske Automotive Group (NYSE:PAG) operates 335 retail automotive franchises representing more than 40 different brands and 30 collision repair centers. Penske Automotive Group, Inc., sells new and previously-owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents. It has over 174 franchises in 18 states and Puerto Rico and 161 franchises located outside the United States, primarily in the United Kingdom. PAG also operates www.penskecars.com, the ultimate car buying experience. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 2000 and has more than 17,000 employees.
Penske Corporation also owns several transportation related manufacturing businesses. Truck-Lite produces lighting products, wiring harness systems, mirrors, and accessories primarily for heavy-duty vehicles in the United States and Europe. Truck-Lite operates eight production facilities throughout the United States, Germany, Poland and the United Kingdom. Davco Technology produces fuel filtration systems and engine accessories primarily for the North American heavy- and medium-duty truck markets.
Transportation Resource Partners III, LP is a third-party private equity fund focused on control investments in growth-oriented manufacturing and service related businesses in the transportation industry. Along with its two predecessor funds, the principals of TRP have managed in excess of $825 million in equity capital commitments.
Penske Performance, Inc. operations include teams competing in the IZOD IndyCar Series, NASCAR Sprint Cup Series and NASCAR Nationwide Series under the "Penske Racing" banner. Penske Racing is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have produced 384 major race wins, 437 pole positions and 25 National Championships, including the 2012 NASCAR Sprint Cup Series title.
Penske Racing, Inc. is the most successful Indy car racing team in history with 169 race wins, 12 National Championships and 215 pole positions. In addition, Team Penske has won the Indianapolis 500-mile race 15 times, including consecutive wins in 2001, 2002 and 2003 and the most recent win in 2009 with driver Helio Castroneves. The Penske-prepared Chevrolet-powered cars are driven in the 2013 IZOD IndyCar Series by Castroneves and Will Power. Castroneves drives the No. 3 Hitachi/Shell V-Power Pennzoil Ultra/AAA Insurance/PPG IndyCar while Power drives the No. 12 Verizon Team Penske Dallara/Chevy. AJ Allmendinger also drives the No. 2 IZOD/Penske Automotive/Quicken Loans Dallara/Chevy in select events this season.
Penske Racing South, Inc. fields two entries in the 2013 NASCAR Sprint Cup Series: the No. 2 Miller Lite Ford Fusion driven by defending series champion Brad Keselowski and the No. 22 Shell-Pennzoil Ford Fusion driven by Joey Logano. Penske Racing also competes with two full-season entries in the 2013 NASCAR Nationwide Series. Keselowski, the 2010 Nationwide Series champion, continues to compete in the No. 22 Discount Tire/Hertz Ford Mustang and he shares the car this season with Logano, AJ Allmendinger and Ryan Blaney. Sam Hornish Jr. also competes full-time in the Nationwide Series driving the No. 12 Alliance Truck Parts/Wurth Ford Mustang.
Updated - November 18, 2013 at 11:18 a.m.. ET