Rush Enterprises, San Antonio, which operates the largest network of Peterbilt dealerships in North America, has bought an oil and gas up-fitting business, medium-duty truck accessory and up-fitting business in Oklahoma City.
Rush bought Perfection Equipment Co. from its parent company, TransCom USA Management Co. L.P.
The acquisition will complement Rush's existing heavy-duty truck parts business in Oklahoma City.
The cash transaction was valued at approximately $4.2 million. Rush intends to integrate their operations into the Rush Truck Center system immediately.
Rush had revenues of $897.4 million during 2000, while Perfection had revenues of approximately $16.2 million for the same period.
"This acquisition will complement the existing services we provide to the oil and gas industry," said W. Marvin Rush, chairman and CEO, "and provide exciting opportunities in the parts distribution and light to medium duty up-fitting businesses."
Rush Buys Oil/Gas Upfitter
Rush Enterprises, San Antonio, which operates the largest network of Peterbilt dealerships in North America, has bought an oil and gas up-fitting business, medium-duty truck accessory and up-fitting business in Oklahoma City
More Aftermarket
Phillips Opens High-Tech Distribution Center for Faster Parts Delivery
Phillips Industries’ new Cincinnati-area distribution center is now shipping aftermarket trucking parts nationwide, aiming to speed up delivery times for customers.
Read More →
Volvo to Sponsor America’s Road Team for 2025
Volvo Trucks announced that it is extending its exclusive sponsorship of America’s Road Team for 2025.
Read More →
Webb to Start Taking Orders for UltraSet Pre-Adjusted Wheel Hubs
Webb, which recently acquired the Stemco Trifecta pre-adjusted hub program, will soon start taking orders for its replacement pre-assembled hub, the UltraSet.
Read More →
All-Makes Automatic Brake Adjusters, Ride Height Control Valves from Midland
SAF-Holland has added automatic brake adjusters and ride height control valves to its Midland All-Makes Program.
Read More →
ZF Aftermarket Expands [pro]Academy Training
ZF Aftermarket said it is expanding its ZF [pro]Academy training and will be adding 40 new modules this year.
Read More →
Eaton Adds Remanufactured Advantage Line of Clutches
Eaton has added its Advantage clutches to its remanufactured product line. The clutches feature a unique strap drive intermediate plate designed to allow customers to choose the latest OE specification
Read More →
ConMet Acquires TruckLabs, the Creator of TruckWings
Commercial truck and trailer parts provider ConMet acquired TruckLabs, the company that created TruckWings, an aerodynamic device that attaches to truck cabs and deploys to close the gap between truck and trailer. TruckLabs now operates as a subsidiary of ConMet.
Read More →
Diesel Laptops Releases Fault-Code-to-Part-Number Tool
Diesel Laptops said its Truck Fault Codes allows users to input a fault code and immediately identify and order the parts needed to complete repair work.
Read More →
Heavy Duty Parts and Labor Costs Dropped in Q2
A benchmarking report from TMC and Decisiv reveals good news for fleets as heavy-duty parts and labor costs dropped in the second quarter of 2023.
Read More →
Platform Science, Uptake Partner on Predictive Maintenance Platform
Platform Science and Uptake have formed a partnership aimed at bringing a comprehensive predictive maintenance program to market for U.S. truck fleets.
Read More →