• Keeler Motor Car Company and Open Road Capital acquired BMW of Tenafly from Penske Automotive Group; the deal closed in Q2 2026.
• BMW of Tenafly will keep its name and continue operating at 301 County Road in Tenafly, New Jersey.
• Transaction gives Keeler its first presence in New Jersey, expanding its portfolio to 10 dealerships across New York, Connecticut, New Jersey.
• Financial terms were not disclosed; most of the Tenafly staff is expected to remain in place.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Open Road Capital LLC published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.