Dealership group M&A roundup
Wednesday, Aug. 31, 2022, 03:31 PM Foundation Automotive Corp., which has stores in both the U.S. and Canada, said Tuesday it has purchased its first Mercedes-Benz dealership, acquiring Mercedes-Benz of Wichita Falls in Texas. This is the group’s ninth store in Wichita Falls, Texas, and 36th overall. Kendrick Jones will be the dealership’s general manager. “Mercedes-Benz is synonymous with excellence and this acquisition is a pinnacle for Foundation. I’ve always aspired to be a Mercedes-Benz dealer, it is every car dealer’s dream,” Foundation Automotive chief executive officer and president Kevin… Read More »Dealership group M&A roundup