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Penske to buy KC commercial truck dealer

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Penske Automotive Group Inc. penned a deal to purchase commercial truck dealer Kansas City Freightliner.

Through the deal, Penske expects an additional $450 million in annual revenue. The financial terms of the acquisition were undisclosed.

Kansas City Freightliner is joining Penske's Premier Truck Group subsidiary, which has around $2 billion in annual revenue.

Read more from the Kansas City Business Journal.

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