Rush, the New Braunfels-based truck and commercial vehicle dealerships owner, announced the sale in June, saying its construction-equipment division was growing at a slower pace than desired. The sales prices listed in the June announcement was about $37 million.
W.M. “Rusty” Rush, president and CEO of Rush, said the closing provides resources that Rush can invest in its current businesses while and also use to evaluate new acquisitions. Those acquisitions could include construction equipment dealerships in areas of the country outside of those it served before the sale, he said.
The company has truck dealerships in 14 states.