Foundation Automotive Corp.

Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Kupper Family Dealerships (“Kupper”).

Foundation Auto is a newly formed company focused on acquiring automotive dealerships across North America. Kupper, located in Mandean, North Dakota, comprises a group of dealerships representing Chevrolet and Subaru vehicles.

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

  • Analyzing Kupper’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 Kupper’s advisors
  • Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Kupper

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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