In 1922, the Hebards were approached by Ford Motor Company, who wanted to purchase their timber stands only. Mindful of Pequaming's future, the Hebards convinced Ford to purchase the mill and surrounding town as well, and entered into secret negotiations with the hope of completing the sale before operations began. On September 8, 1923, Ford Motor Company purchased the mill and surrounding town for the sum of $2,850,000; the purchase included the double band sawmill, lath and shingle mills, 40,000 acres (160 km) of timber land, of lumber, of cut logs, the town land and buildings, the railroad, and towing and water equipment.