Foundation Auto is a newly formed company focused on acquiring automotive dealerships across North America. Henson, located in Madisonville, Texas, comprises a group of dealerships representing Ford, Chevrolet and Chrysler vehicles.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analysing Henson’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 Henson’s advisors
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Henson
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.