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The Suburban Collection Acquires Ford Dealership in Ferndale

FERNDALE, Mich., Nov. 24, 2014 (GLOBE NEWSWIRE) -- The Suburban Collection today announced the acquisition of Ed Schmid Ford in Ferndale, Mich.

"We look forward to serving Ford buyers and owners in Ferndale and surrounding communities," said David T. Fischer, Chairman and CEO, The Suburban Collection. "Our goal, as always, is to offer an outstanding experience to each and every one of our customers. We are proud to expand our involvement in Ferndale with the addition of Suburban Ford of Ferndale."

Located at 21600 Woodward Avenue, Suburban Ford of Ferndale has 52 employees in its sales, service and body shop operations. This additional dealership expands the company's retail business in this revitalized community. Suburban Buick GMC of Ferndale, also located on Woodward Avenue, began operations in early 2012.

Today's announcement caps a year of growth for The Suburban Collection. Since January, the company has added Suburban Chevrolet of Clinton, Mercedes-Benz of Ann Arbor, BMW of Ann Arbor, Suburban Cadillac of Plymouth and Suburban Cadillac of Lansing. They have also invested more than $28 million in new and expanded facilities in the metropolitan Detroit area, including a $15 million Chrysler Dodge Jeep Ram dealership in Farmington Hills and an $8 million Toyota Scion dealership in Troy.

"We're excited about our future and proud of our involvement in the economic growth of Michigan," Fischer added. "We're very fortunate to be in a position to continue to serve a great consumer base and be a supporter of many community organizations."

Headquartered in Troy, The Suburban Collection is the 18th largest dealer group in the United States and began operations in 1948. Employing more than 2,000 individuals, primarily in Michigan, the company also has operations in California, Illinois, Wisconsin and Florida. With this acquisition, The Suburban Collection now has 36 retail locations, including two other Ford dealerships, Suburban Ford of Sterling Heights and Suburban Ford of Waterford.

CONTACT: Media contact: John McCandless, 313-610-5600Source: The Suburban Collection