Rush Enterprises has entered into an agreement to sell its John Deere construction equipment business to Doggett Heavy Machinery Services for about $37 million.
The purchase includes Rush Equipment Centers in Houston and Beaumont, Texas.
"I believe that we proved that we can apply our organizational knowledge of serving commercial customers to distribute products other than commercial vehicles," said W. M. "Rusty" Rush, president and CEO of Rush Enterprises. "We will continue to evaluate opportunities to re‐enter the construction equipment dealership business in areas of the country outside of Houston and adjacent areas of southeast Texas, where we will be precluded from doing so for several years."
The transaction is expected to close in the third quarter.
The purchase includes Rush Equipment Centers in Houston and Beaumont, Texas.
"I believe that we proved that we can apply our organizational knowledge of serving commercial customers to distribute products other than commercial vehicles," said W. M. "Rusty" Rush, president and CEO of Rush Enterprises. "We will continue to evaluate opportunities to re‐enter the construction equipment dealership business in areas of the country outside of Houston and adjacent areas of southeast Texas, where we will be precluded from doing so for several years."
The transaction is expected to close in the third quarter.
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