Redcap&Truss Advises Foundation Automotive Corp.
Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Big West Dodge (“Big West”).
Foundation Auto, a consolidator of automotive dealerships across North America, is pleased to add Big West Dodge, located in Drayton Valley, as their second acquisition.
Redcap&Truss acted as the exclusive financial advisor to Foundation Auto and facilitated a transaction by:
- Analyzing Big West’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 Big West’s advisors
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Big West
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.