Ken Garff Automotive Group | Stephens

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Financial Advisor

Ken Garff Automotive Group

Value Not Disclosed 07/18/2022 Dealerships Complete
Private Companies
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Transaction Details

On July 18, 2022, Ken Garff Automotive Group Completed The Sale Of Its Michigan Platform To Fox Motors.

The platform includes the following:

  • Cadillac of Novi
  • Southfield Chrysler Dodge Jeep Ram
  • Telegraph Chrysler Dodge Jeep Ram
  • Two Collision Centers

Ken Garff Automotive Group entered the Detroit market in 2014 with the purchase of the dealerships, which today have over 250 employees

The acquisition brings the overall Fox Motors portfolio in Detroit to 5 new and used automotive dealerships and two collision centers

About the company

Ken Garff Automotive Group

Salt Lake City-based Ken Garff Automotive Group operates 58 dealerships and has over 5,000 employees throughout Utah, Texas, Iowa, Nevada, California, Arizona, Colorado, and Wyoming

Fox Motors

Fox Motors is a Grand Rapids-based automotive and powersports dealer group with 46 brands, 38 locations and over 1,875 employees throughout Michigan and Illinois

Sources: Transaction Press Release.
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