Foundation Automotive announced the purchase of the dealership assets of Destination Chrysler Jeep Dodge Ram North Shore, adding a new dealership to their presence in British Columbia.
The dealership will operate under the name Foundation North Vancouver Chrysler Dodge Jeep Ram. In this venture, Foundation Automotive will become a part of the North Vancouver automotive market, one of the most dynamic markets in North America.
“High praise to the Destination team for their participation and thank you to everyone at the Foundation team for their relentless support in adding another FCA franchise to the Vancouver area,” said Adam Mounzer, dealer partner of Foundation Squamish Chrysler Dodge Jeep Ram.
Foundation Automotive continues to expand its operations in the USA as well as Canada. With their first acquisition taking place in British Columbia, the purchase of the FCA dealership in North Vancouver allows Foundation to come full circle, returning to British Columbia for their 20th acquisition.
Arvind Gupta will serve as dealer principal of Foundation North Vancouver Chrysler Dodge Jeep Ram and has proven himself to be an innovator with a real passion for the automotive business.
“We are delighted to give Arvind the opportunity to spread his wings in these dealerships,” said Kevin Kutschinski, president and chief executive officer of Foundation. “He is a star in the industry and we believe he will lead Foundation North Vancouver Chrysler Dodge Jeep Ram to the pinnacle of performance in British Columbia.” Arvind echoes his enthusiasm for the opportunity, saying, “I am very proud to continue my relationship with Foundation Auto and would like to congratulate and thank Destination Chrysler for allowing us this opportunity.”