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Turpin workers buy Crowe Ford - Quad Cities Online

Turpin workers buy Crowe Ford

Originally Posted Online: Nov. 06, 2009, 9:53 pm
Last Updated: Nov. 06, 2009, 11:35 pm  
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By Stephen Elliott, selliott@qconline.com


Alongtime Geneseo car dealer is retiring and has sold his business to a group of employees from another local dealership.

Gary Crowe, owner of Crowe Ford Sales Co., 1041 S. State St., said the buyers are longtime Turpin Motors employees George Koustas, Russell Marshall and brothers Pat Boone and Terry Boone. The four have a combined 96 years of experience in the car business, said Mr. Koustas, a general manager at Turpin's.

Mr. Koustas said, "It's a bunch of local boys that look forward to serving the community and the surrounding area. We'll pride ourselves on service."

Mr. Crowe, who has been in the car business for 45 1/2 years, has been the principal dealer at Crowe Ford since 1969. His late father, Norval, was the original dealer, starting the business in 1957.

Mr. Crowe, 68, said he started working for his father in high school.

"I've done every job from washing and polishing cars, to the books, to servicing and selling them," Mr. Crowe said. "I moved away and came back in 1964."

He said the dealership's name will stay the same. He declined to specify the sales price, but he did say it was a contract sale. Mr. Crowe said the new owners will take over Nov. 16.

The Ford Motor Co. recently announced nearly $1 billion in quarterly profits for the months July through September. Mr. Crowe said Ford's economic success prompted the sale.

"I think that's the only reason they (buyers) wanted the Ford franchise," Mr. Crowe said. "That's why the franchise is pretty vibrant."

Asked what are some of his favorite Fords, Mr. Crowe said, "every one Imade money off of."

He said the Ford Mustang has been a consistent favorite in his years in the business.

As for retirement, he and his wife, Teresa, may travel a little for now.

"Idon't know how I'm going to react," he said. "For all those years, I had to get up and be here every day. I don't know. I'll see how it goes."