Rush Enterprises Acquires Assets of Dealership Group in Ohio

January 2, 2013

SHARING TOOLS        | Print Subscribe
Rush Enterprises Inc., which operates a network of commercial vehicle dealerships in North America, announced that its subsidiaries have acquired certain assets of MVI Group, which operates commercial truck and bus dealerships in Ohio
under the names of Miami Valley International, Center City International, CCI North Coast and Buckeye Truck Centers.

The acquisition includes International, IC Bus, Isuzu and Idealease franchises and locations in Akron, Cincinnati, Cleveland, Columbus, Dayton, Findlay and Lima, Ohio.

The purchase price for the assets, goodwill and the three dealership properties that were purchased was approximately $107 million. The company will finance approximately $71 million of the purchase price under its floor plan, accounts receivable, and lease and rental truck financing arrangements. The company expects the acquisition to be accretive to future earnings.

The newly acquired locations in Ohio will operate as part of the company's Navistar Division and result in the company operating 78 Rush Truck Centers in 15 states. The acquisition also expands the company's Rush Truck Leasing and Rush Bus Centers capabilities.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All