Foundation Automotive

Foundation Automotive

Redcap&Truss Advises Foundation Automotive Corp.

Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Howe Sound Chrysler, Dodge, Jeep, Ram (“Howe Sound”).

Foundation Auto is a newly formed company focused on acquiring automotive dealerships across North America. The acquisition of Howe Sound, located in Squamish, BC is Foundation Auto’s inaugural acquisition.

Redcap&Truss acted as the exclusive financial advisor to Foundation Auto and facilitated a transaction by:

  • Analyzing Howe Sound’s financial statements, asset list and its service offering (both historical and future) and developing an initial estimate of value
  • Quarterbacking all due diligence and documentation communications required between Foundation Auto’s advisors, accountants and lawyers and Howe Sound’s advisors
  • Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Howe Sound

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