On a fall day in 2005, dealer Robert Garff and his financier pal, Ian Cumming, took a bike ride around Salt Lake City that would lead to a historic marriage.
Cumming, co-founder of Leucadia National Corp., and Garff, chairman of Ken Garff Automotive, got the idea to join forces. Within a year, Garcadia was born.
Garcadia, a limited liability company created to buy dealerships, helped Garff snap up 28 dealerships over 12 years in Texas, Michigan, Iowa and California. Today, Ken Garff Automotive owns 54 dealerships.