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Rush Enterprises

From Wikipedia, the free encyclopedia
Rush Enterprises
Company typePublic
NasdaqRUSHA (Class A)
NasdaqRUSHB (Class B)
Russell 2000 Component (RUSHA, RUSHB)
S&P 600 Component (RUSHA)
IndustryAutomotive, Truck Dealerships
Founded1965
FounderW. Marvin Rush
HeadquartersNew 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
ProductsTrucks
RevenueIncrease US$ 4.727 billion (2017) [1]
Increase $ 172.1 million (2017)[1]
Increase $ 105.8 million (2017) [1]
Total assetsIncrease $ 2.890 billion (2017) [1]
Total equityIncrease $ 1.040 billion (2017) [1]
Number of employees
7,244[2] (2017)
Websiterushenterprises.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

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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:

Acquisitions

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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

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  1. ^ a b c d e f "Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2017 Results". rushenterprises.com.
  2. ^ a b "Rush Enterprises". Fortune. Retrieved 2020-06-16.
  3. ^ "Rush Business Information". Rush Enterprises. Retrieved 2020-06-16.
  4. ^ "INVESTMENT IN RUSH TRUCK CENTRES OF CANADA". Rush Enterprises. Retrieved 2020-06-16.
  5. ^ Hendricks, David (20 May 2013). "W. Marvin Rush retires as Rush Enterprises chairman". MySA. Retrieved 22 April 2015.
  6. ^ "Asbury Sells Heavy Truck Business to Rush Enterprises". BloombergBusiness. 2 December 2010. Retrieved 22 April 2015.