Ricart Automotive will sell more than cars and trucks with its announcement Feb. 19 that it is acquiring majority ownership of the A.D. Farrow Co. Harley-Davidson dealership.
Founded in 1912, A.D. Farrow is the nation's oldest Harley-Davidson dealer. It has three Columbus-area locations: off Interstate 71 at the interchange with Route 36/37 near Sunbury; on West Broad Street in Franklinton; and on East Broad Street in Pataskala (named Centennial Park Harley-Davidson).
Ricart Automotive President Rick Ricart said the Pataskala location will soon move to a former National Tire & Battery location on Scarborough Boulevard that Ricart recently bought, putting it a few miles from the sprawling Ricart Auto Mall in Groveport.
Financial details are not being disclosed for the deal, which includes real estate and other dealership assets.
Ricart called Harley "one of the oldest and strongest brands in our country," and one that's in the middle of "evolutionary change" as it develops electric scooters, bikes and other types of vehicles.
Ricart family members have been Harley riders for years, Rick Ricart said. His father, Fred, even rode one in Ricart Automotive commercials in the 1990s.
Bob Althoff, who has owned A.D. Farrow for 17 years, will remain with the company. Althoff will keep a minority ownership stake for the next "three to five years," Ricart said. At that point, Ricart Automotive plans to acquire Althoff's stake, he said.
The well-known A.D. Farrow name will remain for the foreseeable future, Ricart said. He added that down the road, there are possibilities to cross-pollinate the A.D. Farrow and Ricart brands.
"We're exploring expansion ideas in the Delaware County area around the Sunbury location," Ricart said. "This is a strategic move to be closer to some of our customer base. We're going to look at as many opportunities as we can."