Redcap&Truss Advises Foundation Automotive Corp.

Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the purchase of Southfork Chrysler Dodge Jeep Ram (“Southfork”).

Foundation Auto is one of the fastest growing automotive dealership groups across North America. Southfork, located in the Manvel-Pearland Texas area, represents the largest volume from a single store in the current Foundation platform.

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

  • Analyzing Southfork’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 Southfork’s advisors
  • Advising on the LOI (letter of intent) and PSA (share purchase and sale agreement) with Southfork

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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