Redcap&Truss acted as financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Destination Auto (“Destination”).
Foundation Auto is one of the fastest growing automotive dealership groups across North America. Destination, located in North Vancouver, comprises a single CDJR dealership and is Foundation Auto’s first acquisition in the greater Vancouver area and second in British Columbia.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analysing Destination’s financial statements, asset list and its service offering (both historical and future) and developing an initial estimate of value
- Advising on the LOI (letter of intent) and PSA (share purchase and sale agreement) with Destination
- Completing due diligence and coordinating closing activities
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.