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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]
 | |
| 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 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
editThe 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.