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Foundation Automotive Acquires Southfork Cdjr In Houston, Tx., Their 30Th Dealership

Mar 31, 2022•over 3 years ago

Acquiring Company

Foundation Automotive

Acquired Company

Dealership

HoustonAutomotiveRetail

Description

Foundation Automotive Corp. is pleased to announce the addition of SOUTHFORK Chrysler Dodge Jeep Ram to their rapidly growing automotive group. SOUTHFORK, located on the South Freeway in the Manvel-Pearland, TX area, is the 30th dealership for Foundation, with more to come in 2022.

Company Information

Company

Foundation Automotive

Location

Houston, Texas, United States

About

Foundation Auto is a growing international automotive group with 34 stores across the United States. We are focused on consistently elevating employee and customer experience through trust, transparency and innovation.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed