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Slide #7. Rush Enterprises, Inc. — Assets of Dealership Groups in Illinois and Indiana
Rush Enterprises, Inc. (NASDAQ:RUSHA)
Assets of Dealership Groups in Illinois and Indiana
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 CIT, Inc., which does business as Chicago International Trucks, Mcgrenho L.L.C., which does business as Indy Truck Sales, and Indiana Mack Leasing, LLC; and the membership interests of Idealease of Chicago, LLC. The purchase price for the assets, membership interests, goodwill and dealership properties was approximately $145 million. The company expects the acquisition to be accretive to future earnings.
Rush Enterprises is an integrated retailer of commercial vehicles and related services. Co. has one reportable segment, the Truck Segment, which includes its operation of network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, FUSO, IC Bus or Blue Bird. Through its network of Rush Truck Centers, Co. provides one-stop service for its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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Buy (3.33 out of 4)