Ed Morse Automotive buys 3 Texas dealerships

Ed Morse Automotive Group has made several dealership acquisitions in 2023.

October 11, 2023 04:44 PM

Freestone Chrysler-Dodge-Jeep-Ram in Fairfield, Texas, was one of three dealerships Ed Morse Automotive bought from Foundation Automotive Corp.

Ed Morse Automotive Group, one of the nation's largest auto retailers and an active dealership buyer in 2023, completed its second multistore purchase of the year with a Texas acquisition on Tuesday.

Ed Morse Automotive said it bought Freestone Ford, Freestone Chevrolet and Freestone Chrysler-Dodge-Jeep-Ram, all in Fairfield, Texas, from Foundation Automotive Corp.

The dealerships were renamed Freedom Ford by Ed Morse, Freedom Chevrolet by Ed Morse and Freedom Chrysler-Dodge-Jeep-Ram by Ed Morse. Fairfield is southeast of Dallas.

Foundation Automotive, a Canadian auto retailer, purchased the dealerships in May 2020. Foundation Automotive purchased one dealership so far this year.

Dealership Buy-Sell: This Automotive News feature lists dealership acquisitions as reported by brokers, news media and official announcements. See our list of buy-sells and submit details of your deals here.

The Texas purchase follows Ed Morse's August acquisition of a Kia dealership in Missouri. Ed Morse Automotive also bought multiple dealerships in Illinois and Missouri in separate transactions this year. Ed Morse Automotive last made a Texas acquisition in July 2021 when it purchased two stores in Greenville.

Ed Morse Automotive, of Delray Beach, Fla., ranks No. 52 on Automotive News' list of the top 150 dealership groups based in the U.S., retailing 14,832 new vehicles in 2022.