After the passing of the Dodge brothers, the business was acquired by Dillon, Read & Co.
The co-founders of Dodge Brothers Company, John Francis Dodge and Horace Elgin Dodge, both tragically passed away in 1920 due to complications from the flu. Following their deaths, the ownership of the thriving automotive company transitioned.
The Sale of Dodge Brothers Company
The management of the company then fell to the widows of John and Horace Dodge. After several years, in 1925, they decided to sell the business. The buyers were Dillon, Read & Co., identified as investment bankers. This significant deal was valued at $146 million.
This acquisition marked a new era for the Dodge brand, moving it from family ownership into the hands of a financial institution.
