Rush Enterprises Acquires Ford And Isuzu Franchise In Dallas
Nov 4, 2010 1:42 PM
Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB) has acquired certain assets of Metro Ford Truck Sales, Inc., a Ford and Isuzu commercial truck dealer in Dallas, Texas. Rush will operate this newly acquired location as Rush Truck Center – Dallas Medium Duty, offering Ford and Isuzu trucks, parts and service as well as collision repair, leasing, financing and insurance.
The purchase price for this acquisition was approximately $5.6 million, which was paid in cash.
“We remain committed to growing our commercial and medium-duty truck business across the country and are excited to add our third Ford truck franchise and 12th Isuzu truck franchise,” said W. M. “Rusty” Rush, President and CEO of Rush Enterprises, Inc. “Equally important, we are pleased to add another dealership to our 14-state contiguous network.”
The newly acquired dealership is Rush Truck Centers’ second medium-duty truck dealership and fourth dealership in the Dallas/Fort Worth metroplex. Rush also has Ford truck franchises in Colorado and Oklahoma and Isuzu franchises in California, Colorado, Florida, Georgia, North Carolina, Oklahoma and Texas.
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