Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the purchase of Crossroads Dodge Chrysler Jeep Ram (“Crossroads”).
Foundation Auto is one of the fastest growing automotive dealership groups across North America. Crossroads, located Liberty Texas, is the growing group’s 17th dealership in Texas and 8th Stellantis store in the United States.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analyzing Crossroads’ 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 Crossroads’ advisors
- Advising on the LOI (letter of intent) and PSA (share purchase and sale agreement) with Crossroads
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