Rush Enterprises, Inc. said that its subsidiaries have acquired certain assets of Piedmont International Trucks, which operates commercial truck dealerships in North Carolina.
The acquisition includes International and Idealease franchises and locations in Asheville, Hickory and Statesville, North Carolina.
The purchase price for the assets, goodwill and the dealership properties that were purchased was approximately $3.5 million. The c ompany expects the acquisition to be accretive to future earnings.
The newly acquired locations in North Carolina will operate as part of the Company’s Navistar Division and result in the Company operating 81 Rush Truck Centers in 15 states. The acquisition also expands the Company’s Rush Truck Leasing capabilities.
“Acquiring additional service points in North Carolina demonstrates our commitment to expand service solutions for our customers wherever they operate,” said W. M. “Rusty” Rush, the Company’s Chief Executive Officer and President. “We are pleased to support customers in North Carolina with International and Idealease brands and to grow our Navistar Division to 28 full-service dealerships.”
“We are happy to welcome the employees of Piedmont International Trucks to the Rush organization.”