M&A Deal Summary

Ken Garff Auto Group Acquires Garcadia Auto Services

On April 16, 2018, Ken Garff Auto Group acquired automotive company Garcadia Auto Services from Jefferies Financial Group

Acquisition Highlights
  • This is Ken Garff Auto Group’s 1st transaction in the Automotive sector.
  • This is Ken Garff Auto Group’s 1st transaction in the United States.
  • This is Ken Garff Auto Group’s 1st transaction in New York.

M&A Deal Summary
Date 2018-04-16
Target Garcadia Auto Services
Sector Automotive
Buyer(s) Ken Garff Auto Group
Sellers(s) Jefferies Financial Group
Deal Type Divestiture

Target

Garcadia Auto Services

New York, New York, United States
Garcadia Auto Services is an own and operates 28 dealerships in Texas, Michigan, Iowa and California.

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Buyer(S) 1

Buyer

Ken Garff Auto Group

Salt Lake City, Utah, United States
Category Company
Sector Automotive
DESCRIPTION

Ken Garff Auto Group is an automotive business company. Ken Garff Automotive Group has over 50 stores throughout Utah, Texas, Iowa, Michigan, Nevada and California.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Jefferies Financial Group

New York, New York, United States
Category Company
Founded 1962
Sector Financial Services
Employees7,611
Revenue 7.4B USD (2023)
DESCRIPTION

Jefferies Financial Group is a diversified holding company engaged through its consolidated subsidiaries in a variety of businesses, including investment banking and capital markets. Jefferies Financial Group was founded in 1962 and is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Automotive) 1 of 1
Type (Divestiture) 5 of 6
State (New York) 2 of 2
Country (United States) 5 of 6
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 National Beef Packing Company

Kansas City, Missouri, United States

National Beef Packing Company LLC is a beef processor. National Beef Packing processes and markets fresh beef, beef- and pork-based ready-to-eat meals, beef by-products and leather in the domestic and international markets. National Beef Packing Company LLC was established in 1992 and is based in Kansas City, Missouri.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 Foursight

West Valley City, Utah, United States

Foursight is an automobile finance company that purchases and services automobile retail installment contracts primarily made to near-prime borrowers across 38 states. Foursight was formed in 2012 and is based in West Valley City, Utah.

Sell $115M
Mergr

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