Rush to Sell Construction Equipment Business

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Bob Schatz for TT

Truck dealership Rush Enterprises has signed an agreement to sell its John Deere construction equipment business for $37 million.

Rush, which operates the largest network of commercial vehicle dealerships in North America, will sell the business, including its Rush Equipment Centers in Houston and Beaumont, Texas, to Doggett Heavy Machinery Services.

Publicly traded Rush said it expects the deal to close in the third quarter.