RDO Equipment Buys Los Angeles Truck Dealerships
September 01, 1999
RDO Equipment has purchased Volvo truck dealerships with full-service truck centers located in Long Beach and Riverside, CA, and a used truck outlet in Fontana, CA. The annual revenues of the dealerships are approximately $20 million.
"These acquisitions expand our presence in Volvo's North American truck distribution system as contemplated by our previously announced framework arrangement with Volvo," said Paul T. Horn, President of RDO Equipment. In addition to the LA locations, RDO has Volvo dealerships in Dallas/Ft. Worth, Minneapolis/St. Paul, and Fargo and Grand Forks, ND.
RDO Equipment Co. is one of the fastest growing companies engaged in the restructuring and consolidation of the equipment and truck retail industries in the United States.