Redcap&Truss acted as financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of the Medved Group of Dealerships (“Medved”). As part of this transaction, Redcap&Truss negotiated a sale and leaseback of select real-estate assets associated with the acquisition.
Foundation Auto is one of the fastest growing automotive dealership groups across North America. Medved, located in the greater Denver area, comprises six dealerships including Medved Kia, Medved Chevrolet, Medved Ford, Medved Cadillac, Castle Rock Chevrolet and Castle Rock Chrysler Dodge Jeep Ram.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analyzing Medved’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 Medved
- Negotiating and executing the sale and leaseback of associated real-estate assets
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