Rush Enterprises forms JV with MCT Companies for $47.5M, expands into refrigerated transport

RUSH ENTERPRISES INC \TX\

Rush Enterprises to acquire 50% equity in new JV MCT Holdings for ~$47.5M.
JV will operate MCT's 17 Carrier Transicold dealerships and 3 mobile service locations across 6 states.
JV to be led by MCT CEO Bill Willett; expected close Q3 2026.
Rush will not consolidate JV; investment complements core dealership operations.
Strategic move to diversify revenue and moderate commercial truck market cyclicity.

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