Firm Buys Interest in Dealership

By Staff Writer November 17, 2019

Cerberus Capital Management, L.P announced that one of its affiliates has acquired an 80 percent interest in Off Lease Only, LLC, an independent, four-lot used-car dealer. Under the terms of the transaction, Off Lease Only founders Mark and Eileen Fischer will maintain 20 percent ownership of the company and will continue to provide strategic direction and support.

With four Florida retail locations and a large online platform, Off Lease Only is one of the largest independent used car dealers in the U.S. The company offers an expansive selection of cars and has sold hundreds of thousands of vehicles worldwide.

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Last modified on Monday, 18 November 2019 16:02

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