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Rush Adds Illinois, Indiana Distributors

Posted on September 26, 2013

Rush Enterprises, Inc. which operates a network of commercial vehicle dealerships in North America, announced that its subsidiaries have entered into agreements to purchase certain assets of CIT, Inc., which does business as Chicago International Trucks, Mcgrenho LLC, which does business as Indy Truck Sales, and Indiana Mack Leasing, LLC; and the membership interests of Idealease of Chicago, LLC.

The acquisition includes International commercial truck dealerships and Idealease commercial vehicle rental and leasing businesses in Carol Stream, Chicago, Grayslake, Huntley, Joliet, Kankakee and Ottawa, Ill., and Brazil, Gary and Indianapolis, Ind., which, collectively, had unaudited revenues of approximately $405 million in 2012. 

The proposed acquisition is expected to close, subject to customary closing conditions, in the first quarter of 2014.