# RUSH ENTERPRISES INC \TX\ (RUSHB) — divestiture/joint_venture [pending]
Source: SEC API (secapi.ai) · situation sit_bac78be9a65798a34acf · retrieved 2026-08-11T16:11:57.560Z

## Overview
Rush Enterprises, Inc. operates the largest network of commercial vehicle dealerships in North America, with more than 160 Rush Truck Centers locations in 24 states and Ontario, Canada, representing truck and bus manufacturers including Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird.

Rush Enterprises, Inc. announced on July 23, 2026 that it has entered into an agreement with MCT Companies to form a joint venture entity named MCT Holdings, LLC. The joint venture will operate MCT Companies' network of 17 truck, trailer and rail refrigeration and auxiliary power unit dealerships and 3 mobile service locations across California, Nebraska, Kansas, North Carolina, South Carolina and Virginia. Rush Enterprises will purchase 50% of the equity in the joint venture entity for approximately $47.5 million, with MCT Companies and an affiliate retaining the other 50%. The transaction is subject to customary closing conditions and is expected to close during the third quarter of 2026. For financial reporting purposes, Rush Enterprises does not intend to consolidate the joint venture within its Truck Segment or any other operating segment.

## Terms
- Counterparty: MCT Companies · Deal value: $47.5M · Consideration: cash · Stake: 50%

## Key dates
- Announced 2026-07-23 · Expected close 2026-09-30

## Timeline
- 2026-07-23 · 8-K (0001437749-26-024340): 8-K - RUSH ENTERPRISES INC \TX\ — *Rush Enterprises, Inc. operates the largest network of commercial vehicle dealerships in North America, with more than 160 Rush Truck Centers locations in 24 states and Ontario, Canada, representing truck and bus manufacturers including Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird.* Rush Enterprises, Inc. announced on July 23, 2026 that it has entered into an agreement with MCT Companies to form a joint venture entity named MCT Holdings, LLC. The joint venture will operate MCT Companies' network of 17 truck, trailer and rail refrigeration and auxiliary power unit dealerships and 3 mobile service locations across California, Nebraska, Kansas, North Carolina, South Carolina and Virginia. Rush Enterprises will purchase 50% of the equity in the joint venture entity for approximately $47.5 million, with MCT Companies and an affiliate retaining the other 50%. The transaction is subject to customary closing conditions and is expected to close during the third quarter of 2026. For financial reporting purposes, Rush Enterprises does not intend to consolidate the joint venture within its Truck Segment or any other operating segment.
  https://www.sec.gov/Archives/edgar/data/1012019/0001437749-26-024340.txt

## Citations
- 0001437749-26-024340 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926024340