Rush Enterprises, Inc. (NASDAQ:RUSHA, RUSHB))), which operates the largest network of commercial vehicle dealerships in North America, today announced the completion of its previously announced joint venture with MCT Companies, one of the largest Carrier Transicold dealers in the United States.
Effective August 31, 2026, Rush Enterprises and an affiliate of MCT Companies each own 50 percent of MCT Holdco, LLC, which will continue to operate under the name "MCT Companies." The joint venture will operate MCT Companies’ network of 17 Carrier Transicold full-service dealerships and three mobile service locations across California, Nebraska, Kansas, North Carolina, South Carolina and Virginia. MCT Companies will continue to be led by Bill Willett as Chief Executive Officer and President. For financial reporting purposes, Rush Enterprises will account for its ownership in MCT Holdco, LLC, as an equity method investment and will not consolidate the joint venture within its Truck Segment or any other operating segment.
MCT Companies provides sales, parts and service for Carrier Transicold truck, trailer and rail refrigeration systems and auxiliary power units, as well as refrigerated trailer rentals and mobile service. Through its investment in MCT Companies, Rush Enterprises expands its portfolio of commercial vehicle solutions to include Carrier Transicold's premium transport refrigeration products and services. The joint venture brings together the technology, operating systems and expertise of both organizations with Rush Enterprises' scale and financial resources to support the continued growth of MCT Companies and enhance service capabilities for refrigerated transportation customers.