Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Henson Family Dealerships (“Henson”).
Foundation Auto is a newly formed company focused on acquiring automotive dealerships across North America. Henson, located in Madisonville, Texas, comprises a group of dealerships representing Ford, Chevrolet and Chrysler vehicles.
Redcap&Truss acted as a financial advisor to Foundation Auto and facilitated a transaction by:
- Analysing Henson’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 Henson’s advisors
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Henson
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