Penske Automotive Group has sold its Lexus franchise in Warwick, Rhode Island to the McGee Automotive Family, a New England-based dealership group with roots dating back to 1970. The transaction, which closed March 26, 2026, marks McGee Automotive’s entry into both the Lexus brand and the Rhode Island market. Pinnacle Mergers & Acquisitions facilitated the deal, representing the buyer.
Deal Details:
Seller: Penske Automotive Group
Buyer: McGee Automotive Family (Rob McGee)
Transaction Date: March 26, 2026
Rebranded Dealerships:
- Lexus of Warwick → Lexus of Warwick (name retained)
Advisor/Facilitator: Pinnacle Mergers & Acquisitions (buy-side advisor)
