Steve and Shelley Johnson and Dr. Joseph and Lynn Fowler announced June 21 they have sold their interests in Margaux Farm, located in Midway, Ky., to Jim and Susan Hill of Calgary, Alberta.
The Hills acquired a partnership interest in Margaux Farm in 2012, which they operated along with the Fowlers and Johnsons. In 2013, the Hills purchased 370 acres adjoining the original 320-acre Margaux property.
"Lynn and I felt that we wanted to consolidate our horse interests into a few less mares and racehorses, and so the time was right for us to reduce our commitment to the farm," said Joseph Fowler in a statement.
No terms were disclosed.
Margaux Farm, initially formed in 1984 under the name Margaux Stud, was originally located on 615 acres in Woodford County on Old Frankfort Pike. In 1993 Margaux acquired its current 320 acres located in Woodford and Scott counties, surrounded and protected on three sides by the Elkhorn Creek.
This property has produced runners like Roses In May, Sara Louise, Sutra, Harvard Avenue, and Howe Great, among others.
In 2011 Margaux acquired an additional 125 acres in Bourbon County.
Steve Johnson took full possession of the Bourbon County property that was formerly part of Margaux Farm, where he will continue to operate a boarding and breeding operation. Since purchasing this farm, Johnson said "the focus will be to maintain a boutique operation with large fields and a horse population of approximately 4-5 acres per horse."