SAN ANTONIO, Feb. 24, 2011 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of commercial vehicle dealerships in North America, announced today that its subsidiary, Rush Truck Centers of Florida, Inc., has acquired certain assets of Heintzelman's Truck Center, a Ford truck dealer in Orlando, Florida. Rush will operate this newly acquired location as Rush Truck Center – Orlando, offering Ford trucks, parts, service, leasing, financing and insurance. The purchase price for this acquisition was approximately $4.7 million.
"We remain committed to growing our commercial medium-duty truck business across the country and are excited to add our fourth Ford 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 the company's third dealership location in the greater Orlando area. Rush also operates Ford truck franchises in Denver, Oklahoma City and Dallas.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
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV