Foundation Automotive Acquires Patterson Auto Group's Eight Rooftops in Wichita Falls, TX
February 23, 2022
Foundation Automotive Corp. acquired eight dealership rooftops from the Patterson Family of Dealerships in Wichita Falls, Texas, adding the stores (including the group’s first BMW and RV franchises) to its network and bringing Foundation to 29 rooftops in North America. The transaction transfers ownership from the Patterson family (including prior owner Paul Tigrett) to Foundation, which named Jon Oeltjen and Brad Rodgers as managing partners of the new Foundation of Wichita Falls operation.
- Buyers
- Foundation Automotive Corp.
- Targets
- Patterson Family of Dealerships
- Sellers
- Patterson Family of Dealerships, Paul Tigrett
- Industry
- Automotive
- Location
- Texas, United States
- Transaction Type
- Buyout
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