Rush acquires West Texas Peterbilt assets
Dec 20, 2011 2:17 PM
Rush Enterprises Inc has acquired certain assets of West Texas Peterbilt, a Peterbilt dealership group with five locations in Texas. The acquisition expands the company’s Rush Truck Center commercial vehicle dealership network to 70 locations in 14 states.
The acquisition of West Texas Peterbilt includes dealerships in Amarillo, Lubbock, and Odessa TX that offer Peterbilt trucks, parts and service, a parts and service facility in Dalhart TX, and a parts facility in Hereford TX. These dealerships will operate in their current locations as Rush Truck Centers. Rush Truck Leasing will operate a PacLease truck rental and leasing franchise at its existing location in Lubbock. The acquisition of West Texas Peterbilt expands the company’s representation of Peterbilt in Texas to include the entire state. The purchase price for the assets of West Texas Peterbilt was approximately $25 million.
Rush Enterprises had audited revenues of $1.5 billion for the year ending 2010. West Texas Peterbilt had unaudited revenues of $49 million for the same time period. The company expects the transaction to be accretive to future earnings.
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