BLOOMFIELD HILLS, Mich. -

Penske Automotive Group revealed today that it has acquired Savage BMW/MINI of Ontario, stores located in Ontario, Calif.

Officials highlighted that Savage BMW/MINI of Ontario is ranked in the top 25 percent of BMW dealerships in the United States based on new-unit volume.

Penske believes the acquired dealerships are expected to contribute approximately $125 million in annualized revenue.

Terms of the transaction were not announced.

Penske president Robert Kurnick Jr. mentioned that Savage BMW has been named a BMW Center of Excellence and has built a solid reputation for customer service and satisfaction within the marketplace.

“The acquisition of these premier BMW/MINI dealerships expands and complements our presence in Orange County, Calif., and provides us with an opportunity to build further scale and leverage best practices as we look to grow our operations in this important market,” Kurnick stated.

The Savage dealerships are located in the Ontario Auto Mall and operate on six acres with 48,000 square feet of facilities, 49 service bays and more than 500 spaces for customer and inventory parking.