MIAMI, Nov. 20, 2019 – BayBridge Capital Advisors, an affiliate of Berkowitz Pollack Brant Advisors + CPAs, and Holland & Knight worked together to lead the sale of 80% of Off Lease Only, LLC, to private equity firm Cerberus Capital Management, LP. Off Lease Only is a Florida-based automotive dealership group with $1.2 billion in annual revenue.
The company founders will retain a 20 percent ownership of Off Lease Only and provide strategic direction and support to the company in the future. The company is based in Palm Springs, Florida.
Judd Appel, managing director of BayBridge, led the transaction team of Richard Berkowitz, founding and executive chairman of Berkowitz Pollack Brant, and David Barkus and Mark Druckman, shareholders with Holland & Knight.
About BayBridge Capital Advisors
BayBridge Capital Advisors is an affiliate of Berkowitz Pollack Brant Advisors + CPAs. The firm provides a wide array of M&A, buy-side and sell-side services, capital raising, diligence and integration services to buyers and sellers of privately held companies.
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