Rush Enterprises Acquires Ford And Isuzu Franchise In Dallas
SAN ANTONIO, Nov. 4, 2010 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of commercial vehicle dealerships in North America, announced today that it 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.About Rush Enterprises, Inc. Rush Enterprises, Inc. owns and operates the largest network of commercial vehicle dealerships in North America, representing truck and bus manufacturers including Peterbilt, International, Hino, Isuzu, Ford, Mitsubishi, UD, Blue Bird, IC, Diamond and Elkhart. The Company's dealerships are strategically located in high traffic areas on or near major highways in 14 states throughout the southern and western United States. These one-stop dealerships offer an integrated approach to meeting customer needs -- from sales of new and used vehicles and equipment to aftermarket parts, service and body shop operations plus a wide array of financial services, including financing, insurance, leasing and rental. For more information, please visit www.rushenterprises.com . The Rush Enterprises, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3352
CONTACT: Rush Enterprises Inc., San Antonio Steven L. Keller 830-626-5226 email@example.com Karen S. Konecny 830-626-5102 firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV