Redcap&Truss Advises Foundation Automotive Corp.
Redcap&Truss acted as exclusive financial advisor to Foundation Automotive Corp. (“Foundation Auto”) on the acquisition of Big West Dodge (“Big West”).
Foundation Auto, a consolidator of automotive dealerships across North America, is pleased to add Big West Dodge, located in Drayton Valley, as their second acquisition.
Redcap&Truss acted as the exclusive financial advisor to Foundation Auto and facilitated a transaction by:
- Analyzing Big West’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 Big West’s advisors
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement) with Big West