Kyrish Truck Centers, a commercial truck dealer that operates 19 dealership sales and service locations in Texas, will sell selected assets of their operation to RWC International.
"KTC has been privileged to serve our customers for the better part of five decades," Duane Kyrish says. "I am proud my family has been able to carry on the legacy my father started when he opened his first truck dealership (Austin) back in 1976. Over the 47 years, one thing at KTC has never changed. Our professional, dedicated employees have consistently delivered exceptional support to our customers. Having said that, a lot of things have changed as I look to the future. After carefully considering these changes in our industry, it became clear this was the right time to transition ownership of KTC."
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KTC represents International, IC Bus, Isuzu, Hino, Autocar and Battle Motors brands. Assets sold to RWC include specific assets of the truck dealership operation, school bus sales business and full-service vehicle leasing company. Related real estate is also included.
"We were flattered by the number of dealer candidates that we interviewed during our evaluation process. To be candid, there were several considerations that made the RWC offer stand out among their peers. The knowledge of the business, the strength of the frontline leaders at RWC and CEO Bob Cunningham are very important to me. The financial depth necessary to enable future investments in facilities and growth was another important consideration. And the cultural fit between RWC and KTC is remarkable," Kyrish says.
Cunningham says RWC, which has 15 locations in five states, has immense respect for the Kyrish leadership team and the integration of the companies is a great opportunity for personnel in both organizations.
"I am thrilled to have the opportunity to acquire KTC. The legacy of Ed Kyrish and his family is very special," Cunningham says. "I am really looking forward to getting the process started."
