$261 million acquisition is San Antonio vehicle dealership's largest in history

2 years ago 527

Rush Enterprises has conscionable made its biggest acquisition ever.

Rush Enterprises has conscionable acquired $261 cardinal successful truck dealerships and associated properties — the largest acquisition successful the publicly-owned company's history. Rush, a commercialized conveyance dealership, acquired 20 dealerships from Summit Truck Group, including its dealership installation successful Wichita Falls for $205 million, according to a quality release.

The San Antonio-based commercialized conveyance seller besides acquired 11 Summit's leasing cognition centers, arsenic good arsenic a utilized motortruck income installation successful Kansas City and a collision halfway successful Memphis, Tennessee, for $56 million.

Along with being the largest acquisition successful the company's history, it besides expands Rush's scope to 125 franchised dealership locations successful 22 states, according to the quality release.

"I person tremendous respect for the fantabulous lawsuit work estimation that the employees of Summit Truck Group person built implicit the years, and we are excited to invited galore of them into the Rush Enterprises family," says Rush CEO, Chairman and President W. M. "Rusty" Rush successful the quality release.

Rush Enterprises had revenues of $ 4.7 cardinal successful 2020.

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