Driving the news: Ken Garff Automotive Group purchased a dealership in South Jordan, Utah, from Susan Watkins in a deal that closed June 8.
For context: Volkswagen Southtowne sits about 15 miles south of Salt Lake City.
The dealership was renamed Ken Garff Volkswagen Southtowne.
Ken Garff Automotive, of Salt Lake City, sold a Nissan dealership on June 16. The VW deal marks the group’s first acquisition this year.
David Ibarra of Live Ready Dealer Exchange Brokering facilitated the transaction.
Worth noting: Watkins bought the dealership with her late husband Tom in 1989. Her father, Ray Stout, managed a Ken Garff Oldsmobile store and worked closely with Ken and Bob Garff, according to a company announcement.
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What they’re saying: Brett Hopkins, CEO for Ken Garff, said in a statement that the group was excited to build upon what Tom and Susan Watkins built.
“Volkswagen Southtowne has an outstanding reputation in the Salt Lake Valley for its elite performance, employee culture and prime location,” Hopkins said. “When the opportunity to acquire the dealership arose, we immediately recognized the strong alignment between our organizations’ values and culture…”
You can see this deal announcement and many more throughout the entire year by visiting the CDG Buy/Sell tracker at CDGbuysell.com, presented by Presidio.
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