Rush Completes Sale of Construction Equipment Business
Truck dealership Rush Enterprises said it has completed the sale of its John Deere construction equipment business, for $26.2 million.
Rush, which operates the largest network of commercial vehicle dealerships in North America, sold the business, including its Rush Equipment Centers in Houston and Beaumont, Texas, to Doggett Heavy Machinery Services.
“The closing of this transaction generates substantial proceeds that will allow Rush Enterprises to continue to invest in our current businesses as well as look to add new, well positioned acquisitions,” CEO Rusty Rush said in a statement.
The deal was first announced in June, when Rush said the price would be $37 million.
