Rush Enterprises to buy 50% of MCT joint venture for ~$47.5M to expand refrigeration services

Rush Enterprises will acquire a 50% stake in a new joint venture with MCT Companies for approximately $47.5 million to operate MCT's refrigeration and APU dealership network.Key Highlights:Original SEC Filing: RUSH ENTERPRISES INC \TX\ [ RUSHA ] - 8-K - Jul. 23, 2026This is an AI-powered summary. I…

Rush Enterprises will acquire a 50% stake in a new joint venture with MCT Companies for approximately $47.5 million to operate MCT's refrigeration and APU dealership network.

Key Highlights:

Rush Enterprises will purchase 50% of the joint venture equity for about $47.5 million, subject to customary closing conditions.
The joint venture, named MCT Holdings, will operate 17 dealerships and 3 mobile service locations across six states.
Real estate remains owned by an MCT affiliate and will be leased to the joint venture; real estate not included in purchase price.
Rush does not intend to consolidate the joint venture into its Truck Segment or other operating segments for financial reporting.
Parties expect the transaction to close in the third quarter of 2026; Bill Willett will lead the joint venture as CEO and President.

Original SEC Filing:

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