Foundation Automotive

Foundation Automotive

Transaction experience - Foundation Automotive

Redcap&Truss Advises Foundation Automotive Corp.

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

Foundation Auto is a newly formed company focused on acquiring automotive dealerships across North America. The acquisition of Howe Sound, located in Squamish, BC is Foundation Auto’s inaugural acquisition.

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

  • Analyzing Howe Sound’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 Howe Sound’s advisors
  • Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Howe Sound

 

If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.