Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the purchase of Patterson Auto Group (“Patterson”).
Foundation Auto is one of the fastest growing automotive dealership groups across North America. Patterson, located in Wichita Falls Texas, comprises multiple dealerships that represent Patterson Buick GMC, Cadillac, Hyundai, BMW, Chrysler Dodge Jeep Ram, Kia, RV, and Economy Cars.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analyzing Patterson’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 Patterson’s advisors
- Advising on the LOI (letter of intent) and PSA (share purchase and sale agreement) with Patterson
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