Rush Enterprises
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| Company type | Public |
|---|---|
| Nasdaq: RUSHA (Class A) Nasdaq: RUSHB (Class B) Russell 2000 Component (RUSHA, RUSHB) S&P 600 Component (RUSHA) | |
| Industry | Automotive, Truck Dealerships |
| Founded | 1965 |
| Founder | W. Marvin Rush |
| Headquarters | New Braunfels, TX, USA |
Area served | USA and Canada |
Key people | W.M. "Rusty" Rush-President
James C. Underwood-Director Thomas A. Akin-Director Raymond J. Chess-Director Dr. Kennon Guglielmo-Director William H. Cary-Director |
| Products | Trucks |
| Revenue |  US$ 4.727 billion (2017) [1] |
| $ 172.1 million (2017)[1] | |
| $ 105.8 million (2017) [1] | |
| Total assets | $ 2.890 billion (2017) [1] |
| Total equity | $ 1.040 billion (2017) [1] |
Number of employees | 7,244[2] (2017) |
| Website | rushenterprises.com |
Rush Enterprises, headquartered in New Braunfels, Texas, is an international retailer of commercial vehicles, primarily new and used trucks, through its Rush Truck Centers.[1] In 2019, the company operated over 200 Rush Truck Centers in 20 states as well as 14 locations in Canada. As of 2020, it was a Fortune 500 corporation.[2]
Rush Truck Centers operates the largest network of commercial vehicle dealerships in the United States, with more than 200 locations in 22 states;[3] as of 2019 the company became international after opening 14 locations in Canada.[4] They represent truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird.
History
[edit]The company was founded in 1965 by W. Marvin Rush, who remained chairman of the board until 2013, when he was succeeded by his son W.M. "Rusty" Rush.[5] The company began as a dealership for Peterbilt trucks, but expanded greatly in the intervening years through acquisition of dealerships.
Major acquisitions include:
- Heavy truck business from Asbury Automotive Group in 2010.[6]
Acquisitions
[edit] |
| 30-Sep-13 | Transauthority |
| 28-Oct-13 | Prairie International Trucks |
| 1-Jul-14 | Truck Parts Depot |
| 3-Nov-14 | House of Trucks |
| 8-Dec-14 | North Florida Truck Parts |
| 9-Feb-15 | Effingham Truck Sales |
| 4-May-15 | Yancey Truck Centers |
| 27-Jul-15 | Dallas Truck Center |
| 28-Sep-15 | Peterbilt of Las Vegas |
| 27-May-16 | Transwest Truck Center Las Vegas |
| 13-Dec-22 | Summit Truck Group |
References
[edit]- ^ a b c d e f "Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2017 Results". rushenterprises.com.
- ^ a b "Rush Enterprises". Fortune. Retrieved 2020-06-16.
- ^ "Rush Business Information". Rush Enterprises. Retrieved 2020-06-16.
- ^ "INVESTMENT IN RUSH TRUCK CENTRES OF CANADA". Rush Enterprises. Retrieved 2020-06-16.
- ^ Hendricks, David (20 May 2013). "W. Marvin Rush retires as Rush Enterprises chairman". MySA. Retrieved 22 April 2015.
- ^ "Asbury Sells Heavy Truck Business to Rush Enterprises". BloombergBusiness. 2 December 2010. Retrieved 22 April 2015.