Tallman Group, the largest International Truck dealership in Canada, has signed an agreement to enter into a new joint venture with Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America.
Tallman Group and Rush Enterprises will each own 50% of the new joint venture entity, which will operate Tallman Group’s network of commercial vehicle dealerships in Canada. The formation of the joint venture is subject to customary closing conditions, but the parties expect the transaction to close by March. Tallman Group will be rebranded to Rush Truck Centres of Canada Limited and will operate under the same leadership of Kevin G. Tallman, Chief Executive Officer and Roger Poirier, CFA, President.
Rush Enterprises is a publicly traded corporation led by W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President, headquartered in New Braunfels, Texas. With 110 locations in 22 states, Rush is the largest commercial vehicle dealer in North America. The company employs 6,900 people and sold nearly 32,800 trucks in 2017.