Cerberus Acquires Off Lease Only
(WorldNews Business)

NEW YORK--(BUSINESS WIRE)--Nov 15, 2019-- Cerberus Capital Management, L.P. (`Cerberus`), a global leader in alternative investing, today announced that one of its affiliates has acquired an 80% interest in Off Lease Only, LLC (`Off Lease Only` or the `Company`), a leading independent, used-car dealer in the United States. 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...