Westlake Financial Services’ Acquisition of Credit Union Leasing of America (CULA)


Westlake Financial Services was represented in the transaction by lead corporate counsel Richard Hong along with his team of the Los Angeles-based law firm of Greenberg Glusker LLP, headquartered in Los Angeles, California. Credit Union Leasing of America was represented by Christian Salaman and Jason Stirling, partners with Pillsbury Winthrop Shaw Pittman LLP, headquartered in New York, New York.

Westlake Financial Services recently expanded its investment footprint with the acquisition of Credit Union Leasing of America (CULA) headquartered in San Diego, CA. The purchase of CULA raised Westlake’s total managed assets from $4.0 billion to $5.5 billion.

Founded by Terry Bowdler nearly 30 years ago, CULA is a respected automobile lessor in the credit union market. Westlake’s investment will support the continued growth of CULA by providing additional resources and financial stability.

Pillsbury advised CULA with a team including Christian Salaman (Picture), Jason Stirling, Tax partner Dana Newman, Litigation partner Richard Segal, Executive Compensation & Benefits partner Mark Jones, Employment senior counsel Thomas Makris, Corporate associate Paul Casas, Executive Compensation & Benefits associate Kevin Lin, Tax Associate Ricky Lin and Litigation attorney Kathryn Nyce.

Involved fees earner: Christian Salaman – Pillsbury Winthrop Shaw Pittman LLP; Jason Stirling – Pillsbury Winthrop Shaw Pittman LLP; Paul Casas – Pillsbury Winthrop Shaw Pittman LLP; Dana Proud Newman – Pillsbury Winthrop Shaw Pittman LLP; Ricky Lin – Pillsbury Winthrop Shaw Pittman LLP; Richard Segal – Pillsbury Winthrop Shaw Pittman LLP; Kathryn Nyce – Pillsbury Winthrop Shaw Pittman LLP; Mark Jone – Pillsbury Winthrop Shaw Pittman LLP; Thomas Makris – Pillsbury Winthrop Shaw Pittman LLP; Kevin Lin – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP;

Clients: Credit Union Leasing of America ;

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Author: Ambrogio Visconti