Penske Sells Rhode Island Lexus Dealership to McGee Automotive

Event summary

  • Penske Automotive Group sold Lexus of Warwick to Rob McGee on March 26, 2026.
  • The dealership will continue operating as Lexus of Warwick under new ownership.
  • McGee Automotive Family now operates 15 dealerships across five states.
  • Pinnacle Mergers & Acquisitions facilitated the transaction, marking its first deal with McGee Automotive.

The big picture

This transaction reflects Penske's ongoing portfolio optimization and McGee Automotive's aggressive expansion strategy. The deal underscores Pinnacle's position as a key intermediary in automotive retail M&A, particularly for luxury brands. With over 850 transactions under its belt, Pinnacle continues to solidify its role in facilitating high-value dealership transfers.

What we're watching

Portfolio Expansion
How McGee Automotive will integrate the Lexus dealership into its existing multi-brand portfolio.
Penske's Strategy
Whether Penske will continue divesting dealerships to focus on core markets.
Pinnacle's Role
The pace at which Pinnacle can leverage this deal to secure more transactions with both parties.

Related topics

Automotive