January 14, 2014 10:00 AM, EST
Rush Enterprises Acquires Assets of Dealerships in Illinois, Indiana
Bob Schatz for TT

Commercial truck dealer Rush Enterprises said it has acquired the assets of dealerships in Indiana and Illinois and interests of Idealease of Chicago for $145 million.

Rush said its subsidiary acquired assets of CIT Inc., which does business as Chicago International Trucks, bought assets of Mcgrenho known as Indy Truck Sales, purchased Indiana Mack Leasing and the membership interests of Idealease of Chicago.

The acquisition consists of International commercial truck dealerships and Idealease commercial vehicle rental and leasing businesses in Carol Stream, Chicago, Grayslake, Huntley, Joliet, Kankakee and Ottawa in Illinois, as well as Indianapolis, Brazil and Gary in Indiana.

“This acquisition significantly expands our presence in the midwestern United States, a key market for Navistar and major fleets,” Rush Enterprises Chairman and CEO W.M. Rush said in a statement.

“More importantly, it expands our service network, allowing us to offer service solutions to trucking companies operating in this region as well as those whose operations route through the Midwest to other destinations,” Rush said.

The company now operates 107 Rush Truck Centers in 20 states.