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Corporate History

A history of accomplishment

1969	Purchased MM Waterbor and began truck leasing business
1982	Formed joint venture with Hertz
1986	Purchased Leaseway Truck Leasing
1988	Purchased Gelco Truck Leasing, formed partnership with GE Capital
1995	Purchased Leaseway Logistics & Auto Carrier
1997	Began Europe operations
1998	Formed joint venture with Cotia Trading in South America. Acquired Transportgroep van der Graaf in Europe
2000	Purchased Rentway Truck Rental & Leasing in Canada
2001	Purchased Rollins Truck Rental & Leasing. Became #1 truck rental and leasing company
2005	Began Asia operations
2006	Purchased Cotia’s half of the joint venture in South America
2007	Formed joint venture with ABX LOGISTICS in South America

A global leader in transportation services, Penske Corporation is the parent of four business groups — Penske Performance, Penske Automotive, Penske Capital Partners, and Penske Transportation Services. We are one of the largest transportation services companies in the world.