Has Sold Its Michigan Platform To
On July 18, 2022, Ken Garff Automotive Group Completed The Sale Of Its Michigan Platform To Fox Motors.
The platform includes the following:
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
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 is a Grand Rapids-based automotive and powersports dealer group with 46 brands, 38 locations and over 1,875 employees throughout Michigan and Illinois
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
“Stephens” (the company brand name) is a leading family-owned independent financial services firm. Stephens’ US operations are headquartered in Little Rock, AR, with strategic locations in the US and a European presence in the UK and Germany. Stephens Inc. is a Member of the New York Stock Exchange and the Securities Investor Protection Corporation and is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority. Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024) is authorised and regulated by the Financial Conduct Authority. For more information, visit www.stephens.com. © 2022 Stephens