Rush Enterprises buys Ohio-based MVI Group
Rush Enterprises Inc. announced that its subsidiaries have acquired certain assets of MVI Group, a company that operates commercial truck and bus dealerships in Ohio.
Rush Enterprises says it operates the largest network of commercial vehicle dealerships in North America. The acquisition will add to the Rush network MVI’s operations named Miami Valley International, Center City International, CCI North Coast and Buckeye Truck Centers.
The acquisition includes International, IC Bus, Isuzu and Idealease franchises and locations in the Ohio cities of Akron, Cincinnati, Cleveland, Columbus, Dayton, Findlay and Lima.
The purchase price for the assets, goodwill and the three dealership properties that were purchased was approximately $107 million.
The newly acquired locations in Ohio will operate as part of the company’s Navistar Division and result in the company operating 78 Rush Truck Centers in 15 states. The acquisition also expands the company’s Rush Truck Leasing and Rush Bus Centers capabilities.
“Ohio is a key market for many of our large fleet customers,” says W. M. “Rusty” Rush, the company’s CEO and president. “Acquiring service points in most of the key markets in Ohio demonstrates our commitment to expand service solutions for our customers wherever they operate.”
For more information, please visit www.rushenterprises.com.