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Slide #23. Rush Enterprises, Inc. — Assets of Dealership Group in North Carolina
Acquirer:
Rush Enterprises, Inc. (NASDAQ:RUSHA)
Acquiree:
Assets of Dealership Group in North Carolina
Details:
Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its subsidiaries have acquired certain assets of Piedmont International Trucks, which operates commercial truck dealerships in North Carolina. The acquisition includes International and Idealease franchises and locations in Asheville, Hickory and Statesville, North Carolina.
Rush Enterprises is an integrated retailer of commercial vehicles and related services. Co.'s segment, the Truck Segment, operates a network of commercial vehicle dealerships under the name Rush Truck Centers. Most Rush Truck Centers are franchised dealers for commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus or Blue Bird. Through its network of Rush Truck Centers, Co. provides one-stop service for its commercial vehicle customers by providing service, parts and collision repair in addition to new and used commercial vehicle sales and leasing, insurance and financial services, vehicle upfitting, CNG fuel systems and vehicle telematics products.
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Strong Buy (4.00 out of 4) 81st percentile
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