Foundation Automotive expands in Texas with 1st purchase of 2023
Foundation Automotive Corp., which operates dealerships in both the U.S. and Canada, announced last week it has acquired Crossroads Dodge Chrysler Jeep Ram in Liberty, Texas.
With the purchase, Foundation now has 17 stores in Texas and eight Stellantis stores in the U.S.
Overall, the group includes 37 locations in Canada and the U.S.
“We’re excited about the huge growth opportunity in the Liberty/Dayton area. I want to thank Bruce Glascock, Alfred Flores, and Chris Godwin for their friendship and giving us the opportunity to purchase part of their legacy,” Foundation CEO and president Kevin Kutschinski said in a news release.
“Special thanks to the new members of the Crossroads/Foundation family, the valued customers, and of course, the whole Foundation team,” Kutschinski said. “Stellantis and their brands Dodge, Jeep and Ram are an extremely important part of the pillars of Foundation.”
This is the second store Foundation has purchased from this group. It is Foundation’s first acquisition of 2023, but more purchases are planned.
“The Texas market is incredible, it’s always great to have another store close to home! We are eager to continue the legacy that has been established with community partners,” Foundation chief operating officer Corey Byrd said.
Bruce Glascock, Alfred Flores, Chris Godwin and Marc Wagoner, the sellers, added in the release: “The fabric of our dealership has been our investment in our community. We are proud of what we have accomplished, and of the support our community has given us. We believe that Foundation was the perfect match to continue to serve and enhance our employees and the community. We want to thank all our employees who worked together to form the culture of Crossroads. We are truly blessed with the relationships we’ve built, and we wish them luck in the future,”