Rush Enterprises

Last updated
Rush Enterprises
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
Founded1965
FounderW. 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

Contents

Products Trucks
RevenueIncrease2.svg US$ 4.727 billion (2017) [1]
Increase2.svg $ 172.1 million (2017) [1]
Increase2.svg $ 105.8 million (2017) [1]
Total assets Increase2.svg $ 2.890 billion (2017) [1]
Total equity Increase2.svg $ 1.040 billion (2017) [1]
Number of employees
7,244 [2]  (2017)
Website rushenterprises.com

Rush Enterprises is an American commercial vehicle dealership headquartered in New Braunfels, Texas. It primarily sells new and used trucks, through its Rush Truck Centers. [1] In 2019, the company operated over 200 Rush Truck Centers in 20 U.S. 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

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

30-Sep-13Transauthority
28-Oct-13Prairie International Trucks
1-Jul-14Truck Parts Depot
3-Nov-14House of Trucks
8-Dec-14North Florida Truck Parts
9-Feb-15Effingham Truck Sales
4-May-15Yancey Truck Centers
27-Jul-15Dallas Truck Center
28-Sep-15Peterbilt of Las Vegas
27-May-16Transwest Truck Center Las Vegas
13-Dec-22Summit Truck Group

References

  1. 1 2 3 4 5 6 "Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2017 Results". rushenterprises.com.
  2. 1 2 "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.