M&A Deal Summary

Foundation Automotive Acquires Southfork

On March 31, 2022, Foundation Automotive acquired automotive company Southfork

Acquisition Highlights
  • This is Foundation Automotive’s 3rd transaction in the Automotive sector.
  • This is Foundation Automotive’s 3rd transaction in the United States.
  • This is Foundation Automotive’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-03-31
Target Southfork
Sector Automotive
Buyer(s) Foundation Automotive
Deal Type Add-on Acquisition

Target

Southfork

Manvel, Tennessee, United States
Southfork is an operator of an automotive group with a diverse array of vehicles to choose from a vast collection of new models among Chrysler, Jeep, Dodge, and RAM to give choices with premium sedans, sport, and muscle cars, SUVs, and trucks. Southfork is based in Manvel, Tennessee.

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Buyer(S) 1

Buyer

Foundation Automotive

Houston, Texas, United States
Category Company
Sector Automotive
DESCRIPTION

Foundation Automotive Corp. is a provider of automotive solutions and is comprised of an all-star executive management team with the perfect mix of operations specialists and analytical professionals. Foundation Automotive is based in Houston, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Automotive) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Tennessee) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Foundation Hyundai

Westminster, Colorado, United States

Foundation Hyundai is a retailer of automotive domestic brands. Foundation Hyundai is based in Westminster, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Crossroads DCJR

Liberty, Texas, United States

Crossroads DCJR is a growing group’s 17th dealership in Texas and 8th Stellantis store in the United States. It provides a vast selection of new and used vehicles, exceptional car care, and customer service. Crossroads DCJR is based in Liberty, Texas.

Buy -
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