Acquiring Company
Ken Garff Automotive Group
Acquired Company
Gateway Chevrolet
Description
Ken Garff Automotive Group has acquired Gateway Chevrolet, Arizona's largest Chevrolet dealership, as part of its expansion in the Phoenix market. This acquisition continues Ken Garff's growth since entering Arizona in 2021. With this acquisition, the company now operates five dealerships in the state. Founded in 1932, Ken Garff Automotive has over 70 dealerships across multiple states.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed