SAN ANTONIO, March 15, 2011 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its subsidiary Rush Truck Centers of Georgia, Inc. has acquired certain assets of Asbury Automotive Atlanta L.L.C., a subsidiary of Asbury Automotive Group, Inc. (NYSE:ABG), which operates commercial truck and bus dealerships in the greater Atlanta, Georgia area under the "Nalley Motor Trucks" name. The acquisition includes the International, Hino, Isuzu, UD, IC Bus and Workhorse franchises in Atlanta, dealership locations in Atlanta and Doraville and a collision center in Atlanta.
The acquisition expands the Company's contiguous network of Rush Truck Centers in the southeast and results in the Company operating 65 Rush Truck Center locations in 14 states. In addition, Rush will expand its existing truck center in Smyrna, Georgia, which currently sells Hino, UD and Isuzu trucks, to include International heavy- and medium-duty trucks and buses manufactured by IC Bus. The four locations in Atlanta will operate as part of the Company's Navistar Division.
"We are pleased to support customers in the Atlanta market with International, Hino, Isuzu, UD, IC Bus and Workhorse brands and grow our Navistar Division to 15 full service dealerships," said W. M. "Rusty" Rush, President and CEO of Rush Enterprises, Inc. "Our Navistar Division represents not only incremental truck sales for Rush, but also increased parts and service revenues from a market share leader. We will continue to work with Navistar to look for future opportunities to grow together."
"Nalley Motor Trucks is very well known for excellent service in the Atlanta market. We are happy to welcome the employees who helped build that reputation to the Rush organization," concluded Rusty Rush.
About Rush Enterprises, Inc.
Rush Enterprises, Inc. owns and operates the largest network of commercial vehicle dealerships in the United States, representing truck and bus manufacturers including Peterbilt, International, Hino, Isuzu, Ford, UD, Blue Bird, IC, Diamond and Elkhart. The Company's vehicle centers are strategically located in high traffic areas on or near major highways in 14 states throughout the southern and western United States. These one-stop centers offer an integrated approach to meeting customer needs -- from sales of new and used vehicles to aftermarket parts, service and body shop operations plus a wide array of financial services, including financing, insurance, leasing and rental. Rush Enterprises' operations also provide vehicle up-fitting, chrome accessories and tires. For more information, please visit www.rushenterprises.com.
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Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, competitive factors, general U.S. economic conditions, economic conditions in the new and used commercial vehicle markets, customer relations, relationships with vendors, onetime events and other factors described herein and in filings made by the Company with the Securities and Exchange Commission.
CONTACT: Rush Enterprises, Inc., San Antonio Steven L. Keller, 830-626-5226 firstname.lastname@example.org Karen S. Konecny, 830-626-5102 email@example.com