Foundation Automotive buys in Texas

Foundation Automotive Corp. of Calgary continues to buy dealerships in Texas.

Fresh off entering Tennessee in July, the group bolstered its Texas presence with its latest acquisition.

Foundation Automotive on Aug. 30 bought Mercedes-Benz of Wichita Falls from Patterson Auto Group. The dealership’s name remains.

The German luxury dealership was one of three Patterson Auto stores not included in Foundation’s February acquisition of five franchised dealerships from Patterson. That deal included BMW, Buick-GMC-Cadillac, Chrysler-Dodge-Jeep-Ram-Fiat, Hyundai and Kia dealerships in Wichita Falls plus a used-vehicle dealership and two RV dealerships.

Wichita Falls is northwest of Dallas, near the Oklahoma border.

It marks the first Mercedes-Benz store for Foundation Automotive. CEO Kevin Kutschinski said the group plans to build a new Mercedes-Benz facility, but he did not specify when.

In July, Foundation bought four dealerships in Tennessee.

Foundation, of Calgary, Alberta, has a U.S. base in Houston. In addition to Tennessee and Texas, the group has dealerships in Colorado and North Dakota, plus three in Canada.

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