Foundation Automotive Corp Acquires Mercedes‑Benz of Wichita Falls

Foundation Automotive Acquires Patterson Auto Group's Eight Rooftops in Wichita Falls, TX

February 23, 2022

Automotive

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.

Foundation Automotive Acquires Crossroads Dodge Chrysler Jeep Ram (Liberty, TX)

February 9, 2023

Automotive

Foundation Automotive Corp. has purchased Crossroads Dodge Chrysler Jeep Ram in Liberty, Texas, adding the store as the group's 17th dealership in Texas and its 8th Stellantis franchise in the United States. The dealers were sold by owners Bruce Glascock, Alfred Flores, Chris Godwin and Marc Wagoner as Foundation expands its Texas footprint and Stellantis brand presence.

Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas

May 19, 2025

Automotive

Group 1 Automotive, Inc. acquired three luxury-brand dealerships — a Lexus and an Acura dealership in Fort Myers, Florida, and Mercedes‑Benz of South Austin in Texas — expanding its footprint in key cluster markets. The three dealerships are expected to generate approximately $330 million in combined annual revenues and will complement Group 1's existing luxury portfolio.

Foundation Automotive Corp Acquires AutoNation Hyundai 104 (now Foundation Hyundai)

May 19, 2021

Automotive

Foundation Automotive Corp. has acquired the AutoNation Hyundai 104 dealership in Westminster, Colorado and will operate the site as Foundation Hyundai as part of its Medved Autoplex family. The acquisition is Foundation's 22nd store overall and its seventh in the Colorado market, expanding the group's Hyundai franchise presence in the Denver metro area. AutoNation was the selling party.

Foundation Automotive Acquires Southfork Chrysler Dodge Jeep Ram (SOUTHFORK CDJR)

March 31, 2022

Automotive

Foundation Automotive Corp. has acquired SOUTHFORK Chrysler Dodge Jeep Ram, a single-store Chrysler Dodge Jeep Ram dealership in the Manvel/Pearland, Texas area, marking the dealer group's 30th location. The acquisition expands Foundation's Texas footprint and adds a high-volume single-store operation led by the dealership's existing leadership team.

AutoNation Acquires Mercedes-Benz of Chicago and Fletcher Jones Audi from Fletcher Jones Automotive Group

September 15, 2025

Automotive

AutoNation, Inc. acquired Mercedes-Benz of Chicago and Fletcher Jones Audi (including related real estate) from Fletcher Jones Automotive Group, closing on Sept. 15. The purchase expands AutoNation's metro Chicago footprint to nine dealerships (including three Mercedes-Benz and two Audi locations); The Presidio Group served as exclusive advisor to AutoNation.