Holland & Knight represented Off Lease Only in the transaction.
Cerberus Capital Management, L.P. completed the acquisition of an 80% interest in Off Lease Only, LLC.
Under the terms of the transaction, Off Lease Only founders Mark and Eileen Fischer will maintain 20% ownership of the Company and will continue to provide strategic direction and support.
With four Florida retail locations and a robust online platform, Off Lease Only is one of the largest independent used-car dealers in the United States. The company offers an expansive selection of quality cars and has sold hundreds of thousands of vehicles worldwide.
Cerberus is a global leader in alternative investing with over $42 billion in assets across complementary credit, private equity and real estate strategies. The firm, which is headquartered in New York, has 21 offices around the world.
Holland & Knight team representing Off Lease Only was led by Partner Marc Druckman (Picture) and Associates Anush Yegyazarian and Tonya Rodgers. They were assisted by Partners Kerry Kehoe, Barbara Yadley, Robert Warram, Bill Sherman, Victoria Zerjav, Dawn Rudenko and John Dierking, Of Counsel Beth Rothenberg and Associates Christopher Marotta and Eric Schlichte.
Involved fees earner: John Dierking – Holland & Knight; Marc Druckman – Holland & Knight; Christopher Marotta – Holland & Knight; Kerry Kehoe – Holland & Knight; Tonya Rodgers – Holland & Knight; Beth Rothenberg – Holland & Knight; Dawn Rudenko Albert – Holland & Knight; Eric Schlichte – Holland & Knight; William Sherman – Holland & Knight; Robert Warram – Holland & Knight; Barbara Yadley – Holland & Knight; Anush Yegyazarian – Holland & Knight; Victoria Zerjav – Holland & Knight;
Law Firms: Holland & Knight;
Clients: Off Lease Only;