Monday, Jul. 18, 2022, 04:19 PM
Foundation Automotive marked a couple of firsts with its latest acquisition.
The group, which has stores in both the U.S. and Canada, has entered Tennessee and purchased its first Nissan dealership, as the retailer said Friday it has acquired Jones Motor Company and its four dealerships.
The deal also brings the Jones group’s used-car platform into Foundation’s dealerships.
The acquired dealerships are located in the Savannah and Humboldt-Jackson areas of Tennessee and include Jones Buick GMC, Jones Chrysler Dodge Jeep Ram, Jones Chevrolet Humboldt and Jones Nissan.
They will keep their names. Chad Jones, who owned the group before its sale to Foundation, will remain with Foundation as an executive with the used-car platform, which will now be utilized by all of the group’s 35 stores.
“Nissan is a very welcome addition to our growing group. They have built such a strong and consistent brand in the USA over the last 65 years,” Foundation chief executive officer and president Kevin Kutschinski said in a news release.
“We’re always eager to continue to build our relationship with Buick, GMC, Chevrolet, Chrysler, Dodge, Jeep and Ram,” he said. “The used car platform they have built at Jones Motor Company is second-to-none, and we are fortunate to have Chad Jones on board to help expand it to all of our stores.”
Jones added: “Foundation Automotive was a great fit for us because they are very much like our family and what we believe in. They’re all about taking care of customers and building the community, which is what we have always strived for.”