Foundation Auto on the Purchase of Hyundai 104

Foundation on the purchase of AutoNation

Redcap&Truss acted as financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Hyundai 104 from AutoNation (“Hyundai 104”).

Foundation Auto is one of the fastest growing automotive dealership groups across North America. Hyundai 104, located in Westminster Colorado comprises a single Hyundai dealership and is Foundation Auto’s seventh acquisition in the greater Colorado area.

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

  • Analyzing Hyundai 104’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 AutoNation
  • 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.

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