Requires properly equipped 3500 Regular Cab DRW Long Box 2WD model with available 6.6L Duramax Turbo Diesel engine and gooseneck hitch. The weight of passengers, cargo and options or accessories may reduce the amount you can tow. Before you buy a vehicle or use it for trailering, carefully review the trailering section of the Owner’s Manual. Requires 4WD Double Cab with available 6.2L V8 and Max Trailering Package. Before you buy a vehicle or use it for trailering, carefully review the Trailering section of the Owner’s Manual. Requires Sierra 3500 HD Regular Cab Long Bed 2WD DRW with available Duramax 6.6L Turbo-Diesel V8, Max Trailering Package and gooseneck hitch. Requires 4WD Crew Cab Short Bed with available 6.2L V8 engine and Max Trailering Package. Click here to see all GMC vehicles’ destination freight charges. The Manufacturer’s Suggested Retail Price excludes destination freight charge, tax, title, license, dealer fees, and optional equipment. The company says it expects the transaction to be immediately accretive to cash flow and earnings.7,700-lb rating requires a properly equipped 2WD Canyon Elevation Crew Cab short bed model with available Duramax 2.8L I4 Diesel engine and Trailering Package. The company also purchased certain real estate owned by affiliates of Summit Truck Group for approximately $56 million.
The company will finance approximately $102 million of the purchase price under its floor plan and lease and rental truck financing arrangements. The purchase price for the assets of Summit Truck Group was approximately $205 million, excluding the real property associated with the transaction, Rush Enterprises states. Rush Enterprises had revenues of $ 4.7 billion in 2020, while the operations associated with the assets acquired from Summit Truck Group had unaudited revenues of approximately $450 million in 2020. He adds, "I have tremendous respect for the excellent customer service reputation that the employees of Summit Truck Group have built over the years, and we are excited to welcome many of them into the Rush Enterprises family." We could not have completed this acquisition without a lot of work from the great teams at both companies. "I am especially thankful to the employees of Summit Truck Group and Rush Enterprises who have worked tirelessly over the last few months to complete this transaction. "This acquisition will strengthen our dealership network in several of the most important trucking markets in the United States," says Rusty Rush, chairman, CEO and president, Rush Enterprises. Rush also acquired Summit Truck Group’s dealership facility in Wichita Falls, Texas, which the company will operate as a full-service Peterbilt commercial vehicle dealership. IC Bus, Isuzu and Dennis Eagle franchises are included at certain dealership locations. The acquisition also includes Idealease commercial vehicle leasing operations at eight locations, five within the acquired International dealership locations and three in stand-alone Idealease facilities, a used truck sales facility in Kansas City and a collision center in Memphis. Rush states its 16 newly acquired International brand commercial vehicle dealerships include five locations in Arkansas, three locations in Kansas, seven locations in Missouri and one location in Tennessee. The acquisition was first announced in October when former Summit CEO Justin Fink, along with Southwest International and Kyrish Truck Centers, purchased the former Summit locations in Oklahoma and the AOR around Wichita Falls, Texas. The acquisition is the largest in Rush Enterprises history and expands the company's network of Rush Truck Centers to 125 franchised locations in 22 states. Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, announced Wednesday it has finalized its acquisition of certain assets of Summit Truck Group.
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